Ready Mix Concrete and Construction Supplies (AMM:RMCC) Debt-to-Equity : 0.12 (As of Mar. 2024)

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What is Ready Mix Concrete and Construction Supplies Debt-to-Equity?

Ready Mix Concrete and Construction Supplies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD2.72 Mil. Ready Mix Concrete and Construction Supplies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD1.28 Mil. Ready Mix Concrete and Construction Supplies's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD32.22 Mil. Ready Mix Concrete and Construction Supplies's debt to equity for the quarter that ended in Mar. 2024 was 0.12.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Ready Mix Concrete and Construction Supplies's Debt-to-Equity or its related term are showing as below:

AMM:RMCC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.33 Max: 1.85
Current: 0.12

During the past 13 years, the highest Debt-to-Equity Ratio of Ready Mix Concrete and Construction Supplies was 1.85. The lowest was 0.03. And the median was 0.33.

AMM:RMCC's Debt-to-Equity is ranked better than
79.89% of 353 companies
in the Building Materials industry
Industry Median: 0.39 vs AMM:RMCC: 0.12

Ready Mix Concrete and Construction Supplies Debt-to-Equity Historical Data

The historical data trend for Ready Mix Concrete and Construction Supplies's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ready Mix Concrete and Construction Supplies Debt-to-Equity Chart

Ready Mix Concrete and Construction Supplies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.35

0.14

0.43

0.35

0.14

Ready Mix Concrete and Construction Supplies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.32	0.30	0.18	0.14	0.12

Competitive Comparison of Ready Mix Concrete and Construction Supplies's Debt-to-Equity

For the Building Materials subindustry, Ready Mix Concrete and Construction Supplies's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ready Mix Concrete and Construction Supplies's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ready Mix Concrete and Construction Supplies's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ready Mix Concrete and Construction Supplies's Debt-to-Equity falls into.

Ready Mix Concrete and Construction Supplies Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ready Mix Concrete and Construction Supplies's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1.112	+	1.942)	/	21.299
	=	0.14

Ready Mix Concrete and Construction Supplies's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(2.723	+	1.275)	/	32.223
	=	0.12

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Ready Mix Concrete and Construction Supplies Debt-to-Equity Related Terms

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Ready Mix Concrete and Construction Supplies (AMM:RMCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ready Mix Concrete and Construction Supplies (AMM:RMCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 851602, Amman, JOR, 11185

Website

https://www.kingdomconcrete.jo

Ready Mix Concrete and Construction Supplies are engaged in supplying of ready-mix concrete to the construction industry. The company's project profile includes Hyatt, Sheraton, Holiday Inn, Queen Rania Al Abdullah Hospital for Children, Karak Bridge, Residential Buildings, and others.

Ready Mix Concrete and Construction Supplies (AMM:RMCC) Headlines

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