Saudi Basic Industries (SAU:2010) Debt-to-Equity : 0.20 (As of Dec. 2023)

View and export this data going back to . Start your Free Trial

What is Saudi Basic Industries Debt-to-Equity?

Saudi Basic Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼5,619 Mil. Saudi Basic Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼27,878 Mil. Saudi Basic Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼167,429 Mil. Saudi Basic Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.20.

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 Saudi Basic Industries's Debt-to-Equity or its related term are showing as below:

SAU:2010' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.26 Max: 0.53
Current: 0.2

During the past 13 years, the highest Debt-to-Equity Ratio of Saudi Basic Industries was 0.53. The lowest was 0.19. And the median was 0.26.

SAU:2010's Debt-to-Equity is ranked better than
64.71% of 1397 companies
in the Chemicals industry
Industry Median: 0.35 vs SAU:2010: 0.20

Saudi Basic Industries Debt-to-Equity Historical Data

The historical data trend for Saudi Basic Industries'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.

Saudi Basic Industries Debt-to-Equity Chart

Saudi Basic Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.25

0.27

0.21

0.19

0.20

Saudi Basic Industries 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															0.19	0.19	0.20	0.20	0.20

Competitive Comparison of Saudi Basic Industries's Debt-to-Equity

For the Chemicals subindustry, Saudi Basic Industries'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.

Saudi Basic Industries's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Saudi Basic Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saudi Basic Industries's Debt-to-Equity falls into.

Saudi Basic Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Basic Industries'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
	=	(5619.129	+	27877.638)	/	167428.614
	=	0.20

Saudi Basic Industries'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
	=	(5619.129	+	27877.638)	/	167428.614
	=	0.20

Saudi Basic Industries (SAU:2010) 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.

Saudi Basic Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Saudi Basic Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Basic Industries (SAU:2010) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Basic Industries Corp (SAU:2010) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qurtubah District, P.O. Box 5101, Riyadh, SAU, 11422

Website

http://www.sabic.com

Saudi Basic Industries Corp is a chemical manufacturer in Saudi Arabia. The primary business segments of the company are Petrochemicals and Specialties, Agri-nutrients, and Hadeed. In Petrochemicals and Specialties segment products are produced from hydrocarbon feedstock including methane, ethane, and propane, it also includes the production of a range of fertilisers; including urea, ammonia, phosphate, as well as compound fertilisers. The Hadeed is concerned with production of steel products, long products and flat products. The company derives maximum revenue from Petrochemicals and Specialties segment. Geographically, it generates maximum revenue from Europe.

Saudi Basic Industries (SAU:2010) Headlines

No Headlines