Thevola Group (SAU:2050) Debt-to-Equity : 1.41 (As of Mar. 2024)

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What is Thevola Group Debt-to-Equity?

Thevola Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼4,197 Mil. Thevola Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼7,721 Mil. Thevola Group's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼8,471 Mil. Thevola Group's debt to equity for the quarter that ended in Mar. 2024 was 1.41.

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 Thevola Group's Debt-to-Equity or its related term are showing as below:

SAU:2050' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.86 Med: 1.38 Max: 1.87
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of Thevola Group was 1.87. The lowest was 0.86. And the median was 1.38.

SAU:2050's Debt-to-Equity is ranked worse than
86% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SAU:2050: 1.41

Thevola Group Debt-to-Equity Historical Data

The historical data trend for Thevola Group'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.

Thevola Group Debt-to-Equity Chart

Thevola Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.60

1.37

1.53

1.44

1.43

Thevola Group 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															1.39	1.51	1.59	1.43	1.41

Competitive Comparison of Thevola Group's Debt-to-Equity

For the Packaged Foods subindustry, Thevola Group'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.

Thevola Group's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thevola Group's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thevola Group's Debt-to-Equity falls into.

Thevola Group Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thevola Group'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
	=	(4317.292	+	7792.941)	/	8451.422
	=	1.43

Thevola Group'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
	=	(4196.508	+	7720.621)	/	8471.013
	=	1.41

Thevola Group (SAU:2050) 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.

Thevola Group Debt-to-Equity Related Terms

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Thevola Group (SAU:2050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Savola Group (SAU:2050) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Faisal Bin Fahad Street, Savola Tower, The Headquarter Business Park, Ashati District, 2444 Taha Khusaifan-Ashati, Unit Number 15, Jeddah, SAU, 23511-7333

Website

https://www.savola.com

The Savola Group is a strategic investment holding company. It is focused on the food and retail sectors, with operations in the Middle East, Turkey and other regions. It is organized into the following operating segments namely Foods processing, Retail, Food Services, Frozen food and Investment. The group derives majority of revenue from the Foods processing segment which consists of includes manufacturing, sale and distribution of Edible oils, Sugar, Pasta, Spices, Nuts, Pulses and other food products.

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