Ghitha Holding PJSC (ADX:GHITHA) Debt-to-Equity : 0.51 (As of Sep. 2023)

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What is Ghitha Holding PJSC Debt-to-Equity?

Ghitha Holding PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ561 Mil. Ghitha Holding PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ896 Mil. Ghitha Holding PJSC's Total Stockholders Equity for the quarter that ended in Sep. 2023 was د.إ2,853 Mil. Ghitha Holding PJSC's debt to equity for the quarter that ended in Sep. 2023 was 0.51.

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 Ghitha Holding PJSC's Debt-to-Equity or its related term are showing as below:

ADX:GHITHA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.28 Max: 0.54
Current: 0.51

During the past 4 years, the highest Debt-to-Equity Ratio of Ghitha Holding PJSC was 0.54. The lowest was 0.05. And the median was 0.28.

ADX:GHITHA's Debt-to-Equity is ranked better than
56.16% of 276 companies
in the Retail - Defensive industry
Industry Median: 0.64 vs ADX:GHITHA: 0.51

Ghitha Holding PJSC Debt-to-Equity Historical Data

The historical data trend for Ghitha Holding PJSC'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.

Ghitha Holding PJSC Debt-to-Equity Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.05

0.54

0.20

0.35

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial							0.22	0.19	0.35	0.54	0.51

Competitive Comparison of Ghitha Holding PJSC's Debt-to-Equity

For the Food Distribution subindustry, Ghitha Holding PJSC'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.

Ghitha Holding PJSC's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Ghitha Holding PJSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ghitha Holding PJSC's Debt-to-Equity falls into.

Ghitha Holding PJSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ghitha Holding PJSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(359.918	+	512.725)	/	2525.817
	=	0.35

Ghitha Holding PJSC's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(560.828	+	896.131)	/	2852.525
	=	0.51

Ghitha Holding PJSC (ADX:GHITHA) 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.

Ghitha Holding PJSC Debt-to-Equity Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

Ghitha Holding PJSC (ADX:GHITHA) Headlines

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