Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Debt-to-EBITDA : 2.42 (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics Co Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aqaseem Factory for Chemicals & Plastics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼23.5 Mil. Aqaseem Factory for Chemicals & Plastics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼9.5 Mil. Aqaseem Factory for Chemicals & Plastics Co's annualized EBITDA for the quarter that ended in Dec. 2023 was ﷼13.6 Mil. Aqaseem Factory for Chemicals & Plastics Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 was 2.42.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA or its related term are showing as below:

SAU:9539' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.51 Med: 1.9 Max: 2.39
Current: 2.17

During the past 3 years, the highest Debt-to-EBITDA Ratio of Aqaseem Factory for Chemicals & Plastics Co was 2.39. The lowest was 1.51. And the median was 1.90.

SAU:9539's Debt-to-EBITDA is ranked worse than
57.22% of 720 companies
in the Oil & Gas industry
Industry Median: 1.765 vs SAU:9539: 2.17

Aqaseem Factory for Chemicals & Plastics Co Debt-to-EBITDA Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA 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.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-EBITDA Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-EBITDA

1.51

1.90

2.39

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-EBITDA	Get a 7-Day Free Trial			1.44	1.58	1.40	-	2.42

Competitive Comparison of Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA

For the Oil & Gas Refining & Marketing subindustry, Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.

Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA falls into.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(23.501	+	9.483)	/	13.792
	=	2.39

Aqaseem Factory for Chemicals & Plastics Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2023 is calculated as

Debt-to-EBITDA	=	Total Debt			/	EBITDA
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	EBITDA
	=	(23.501	+	9.483)	/	13.612
	=	2.42

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2023) EBITDA data.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Debt-to-EBITDA Explanation

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

Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-EBITDA Related Terms

Thank you for viewing the detailed overview of Aqaseem Factory for Chemicals & Plastics Co's Debt-to-EBITDA provided by GuruFocus.com. Please click on the following links to see related term pages.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Debt-to-EBITDA

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Headlines

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