Debt-to-Equity Ratio

Suncor Energy's debt-to-equity ratio of 0.22x means the company uses only $0.22 of debt for every $1 of shareholder equity, indicating a conservative capital structure with low reliance on borrowing.

This is well below the sector median of 0.68x, placing Suncor in the 16th percentile among its Energy peers—meaning 84% of competitors carry higher debt relative to equity. The year-over-year change is not available, but the ratio dropped 31.2% from the prior quarter (from 0.32x to 0.22x), showing a recent and sharp reduction in leverage. The combination of a very low debt level and a declining trend suggests minimal financial risk and strong balance-sheet safety, which could attract risk-averse investors. However, the metric alone does not drive a bullish case; it supports a neutral verdict by confirming Suncor is financially stable but not indicating outsized growth or value catalysts.

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