Wafrah for Industry and Development (SAU:2100) Debt-to-Equity : 0.06 (As of Dec. 2023)

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What is Wafrah for Industry and Development Debt-to-Equity?

Wafrah for Industry and Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼6.7 Mil. Wafrah for Industry and Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼6.2 Mil. Wafrah for Industry and Development's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼232.5 Mil. Wafrah for Industry and Development's debt to equity for the quarter that ended in Dec. 2023 was 0.06.

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 Wafrah for Industry and Development's Debt-to-Equity or its related term are showing as below:

SAU:2100' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.06 Med: 0.21 Max: 0.73
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of Wafrah for Industry and Development was 0.73. The lowest was 0.06. And the median was 0.21.

SAU:2100's Debt-to-Equity is ranked better than
86.51% of 1646 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SAU:2100: 0.06

Wafrah for Industry and Development Debt-to-Equity Historical Data

The historical data trend for Wafrah for Industry and Development'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.

Wafrah for Industry and Development Debt-to-Equity Chart

Wafrah for Industry and Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.51

0.61

0.73

0.11

0.06

Wafrah for Industry and Development 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															0.11	0.06	0.04	0.06	0.06

Competitive Comparison of Wafrah for Industry and Development's Debt-to-Equity

For the Packaged Foods subindustry, Wafrah for Industry and Development'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.

Wafrah for Industry and Development's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Wafrah for Industry and Development's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Wafrah for Industry and Development's Debt-to-Equity falls into.

Wafrah for Industry and Development Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Wafrah for Industry and Development'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
	=	(6.67	+	6.214)	/	232.469
	=	0.06

Wafrah for Industry and Development'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
	=	(6.67	+	6.214)	/	232.469
	=	0.06

Wafrah for Industry and Development (SAU:2100) 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.

Wafrah for Industry and Development Debt-to-Equity Related Terms

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

Wafrah for Industry and Development (SAU:2100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wafrah for Industry and Development (SAU:2100) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 131, Riyadh, SAU, 11383

Website

https://www.wafrah.com

Wafrah for Industry and Development is engaged in the manufacture, canning, preservation, processing, development, and marketing of food products for local and foreign markets. Its products include Pasta products, Frozen and cooked meat, Frozen potato chips, Peanut products, and Breakfast cereals, among others. The group had four reportable segments: The pasta sector, Vegetable sector, the Breakfast bans sector, and the Meat products sector. The company's operations are located in the Kingdom of Saudi Arabia.

Wafrah for Industry and Development (SAU:2100) Headlines

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