Al Eid Food Co (KUW:ALEID) Debt-to-Equity : 0.36 (As of Dec. 2023)

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What is Al Eid Food Co Debt-to-Equity?

Al Eid Food Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD15.29 Mil. Al Eid Food Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD1.04 Mil. Al Eid Food Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KWD45.30 Mil. Al Eid Food Co's debt to equity for the quarter that ended in Dec. 2023 was 0.36.

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 Al Eid Food Co's Debt-to-Equity or its related term are showing as below:

KUW:ALEID' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.35 Max: 0.44
Current: 0.36

During the past 13 years, the highest Debt-to-Equity Ratio of Al Eid Food Co was 0.44. The lowest was 0.30. And the median was 0.35.

KUW:ALEID's Debt-to-Equity is ranked better than
63.18% of 277 companies
in the Retail - Defensive industry
Industry Median: 0.6 vs KUW:ALEID: 0.36

Al Eid Food Co Debt-to-Equity Historical Data

The historical data trend for Al Eid Food 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.

Al Eid Food Co Debt-to-Equity Chart

Al Eid Food Co Annual Data

Trend

Dec11

Dec12

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.34

0.32

0.30

0.36

Al Eid Food 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															0.36	0.28	0.33	0.31	0.36

Competitive Comparison of Al Eid Food Co's Debt-to-Equity

For the Food Distribution subindustry, Al Eid Food 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.

Al Eid Food Co's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Al Eid Food Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Eid Food Co's Debt-to-Equity falls into.

Al Eid Food Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Eid Food 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
	=	(15.289	+	1.037)	/	45.3
	=	0.36

Al Eid Food 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
	=	(15.289	+	1.037)	/	45.3
	=	0.36

Al Eid Food Co (KUW:ALEID) 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.

Al Eid Food Co Debt-to-Equity Related Terms

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Al Eid Food Co (KUW:ALEID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Al Eid Food Co (KUW:ALEID) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial Area, P.O. Box 41081, Building 100, Block 2, Kuwait City, KWT, 85851

Website

https://www.aleidfoods.com

Al Eid Food Co is importing, distributes, packaging, and marketing food and consumer products. It specializes in food and beverage distribution in Kuwait. Its products include Alwaha, Seara, GoldAlex, Delicio, Rahma, and Sunlite. It also provides oils, pulses, spices, rice, seafood, nuts, and meat. Operating segments of the group are distributed over the State of Kuwait, and the Gulf co-operation council, and the majority of the revenue comes from the State of Kuwait.

Al Eid Food Co (KUW:ALEID) Headlines

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