Al Yamamah Steel Industries Co (SAU:1304) Debt-to-Equity : 1.72 (As of Mar. 2024)

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What is Al Yamamah Steel Industries Co Debt-to-Equity?

Al Yamamah Steel Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼872 Mil. Al Yamamah Steel Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼122 Mil. Al Yamamah Steel Industries Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼578 Mil. Al Yamamah Steel Industries Co's debt to equity for the quarter that ended in Mar. 2024 was 1.72.

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 Yamamah Steel Industries Co's Debt-to-Equity or its related term are showing as below:

SAU:1304' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.71 Max: 2.12
Current: 1.61

During the past 9 years, the highest Debt-to-Equity Ratio of Al Yamamah Steel Industries Co was 2.12. The lowest was 0.28. And the median was 0.71.

SAU:1304's Debt-to-Equity is ranked worse than
88.99% of 554 companies
in the Steel industry
Industry Median: 0.4 vs SAU:1304: 1.61

Al Yamamah Steel Industries Co Debt-to-Equity Historical Data

The historical data trend for Al Yamamah Steel Industries 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 Yamamah Steel Industries Co Debt-to-Equity Chart

Al Yamamah Steel Industries Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Get a 7-Day Free Trial

1.18

0.71

0.68

1.42

1.80

Al Yamamah Steel Industries Co 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															1.73	2.12	1.80	1.61	1.72

Competitive Comparison of Al Yamamah Steel Industries Co's Debt-to-Equity

For the Steel subindustry, Al Yamamah Steel Industries 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 Yamamah Steel Industries Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Al Yamamah Steel Industries Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Yamamah Steel Industries Co's Debt-to-Equity falls into.

Al Yamamah Steel Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Yamamah Steel Industries Co's Debt to Equity Ratio for the fiscal year 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
	=	(825.211	+	108.655)	/	518.147
	=	1.80

Al Yamamah Steel Industries Co'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
	=	(872.051	+	122.024)	/	578.238
	=	1.72

Al Yamamah Steel Industries Co (SAU:1304) 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 Yamamah Steel Industries Co Debt-to-Equity Related Terms

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Al Yamamah Steel Industries Co (SAU:1304) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Yamamah Steel Industries Co (SAU:1304) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Akaria Building, Salah Udin Al Ayoubi Street, P.O. Box 55303, Malaz Area, Aqaria Asteen, 6th Floor, Building 2, Office No. 6201, Riyadh, SAU, 11583

Website

http://www.yamsteel.com

Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including (poles, lighting cabins, traffic lights, etc.), installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction and Electric. It generates maximum revenue from the Construction segment.

Al Yamamah Steel Industries Co (SAU:1304) Headlines

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