Sahara International Petrochemical Co (SAU:2310) Debt-to-Equity : 0.18 (As of Dec. 2023)

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What is Sahara International Petrochemical Co Debt-to-Equity?

Sahara International Petrochemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼544 Mil. Sahara International Petrochemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼2,176 Mil. Sahara International Petrochemical Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼15,569 Mil. Sahara International Petrochemical Co's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 Sahara International Petrochemical Co's Debt-to-Equity or its related term are showing as below:

SAU:2310' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.18 Med: 0.89 Max: 1.6
Current: 0.18

During the past 13 years, the highest Debt-to-Equity Ratio of Sahara International Petrochemical Co was 1.60. The lowest was 0.18. And the median was 0.89.

SAU:2310's Debt-to-Equity is ranked better than
66.93% of 1394 companies
in the Chemicals industry
Industry Median: 0.35 vs SAU:2310: 0.18

Sahara International Petrochemical Co Debt-to-Equity Historical Data

The historical data trend for Sahara International Petrochemical Co'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.

Sahara International Petrochemical Co Debt-to-Equity Chart

Sahara International Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.58

0.38

0.22

0.18

Sahara International Petrochemical Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.22	0.21	0.19	0.19	0.18

Competitive Comparison of Sahara International Petrochemical Co's Debt-to-Equity

For the Chemicals subindustry, Sahara International Petrochemical Co'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.

Sahara International Petrochemical Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Sahara International Petrochemical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Sahara International Petrochemical Co's Debt-to-Equity falls into.

Sahara International Petrochemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Sahara International Petrochemical Co'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
	=	(543.738	+	2176.044)	/	15569.229
	=	0.17

Sahara International Petrochemical Co's Debt to Equity Ratio for the quarter 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
	=	(543.738	+	2176.044)	/	15569.229
	=	0.17

Sahara International Petrochemical Co (SAU:2310) 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.

Sahara International Petrochemical Co Debt-to-Equity Related Terms

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Sahara International Petrochemical Co (SAU:2310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sahara International Petrochemical Co (SAU:2310) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

King Saud Road District, Sipchem Building, Al-Hada District, Al Khobar, SAU, 31952

Website

https://www.sipchem.com

Sahara International Petrochemical Co owns, operates and manages industrial projects relating to chemical and petrochemical industries. The company operating segments include Basic Chemicals, Intermediate Chemicals, Polymers, Trading and Corporate and others. It generates maximum revenue from the Trading segment. The company operates domestically and internationally. Its product portfolio consists of Methanol, Butanediol, Tetrahydrofuran, Acetic Acid, Acetic Anhydride, LDPE, EVA, Cross-Linkable LDPE, Semi Conductive LDPE, and PBT.

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