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First Milling Co (SAU:2283) Debt-to-Equity : 1.54 (As of Mar. 2024)


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What is First Milling Co Debt-to-Equity?

First Milling Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼119.8 Mil. First Milling Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼1,247.6 Mil. First Milling Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼888.4 Mil. First Milling Co's debt to equity for the quarter that ended in Mar. 2024 was 1.54.

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 First Milling Co's Debt-to-Equity or its related term are showing as below:

SAU:2283' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.54   Med: 1.63   Max: 2.03
Current: 1.54

During the past 3 years, the highest Debt-to-Equity Ratio of First Milling Co was 2.03. The lowest was 0.54. And the median was 1.63.

SAU:2283's Debt-to-Equity is ranked worse than
88.36% of 1650 companies
in the Consumer Packaged Goods industry
Industry Median: 0.4 vs SAU:2283: 1.54

First Milling Co Debt-to-Equity Historical Data

The historical data trend for First Milling 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.

First Milling Co Debt-to-Equity Chart

First Milling Co Annual Data
Trend Dec21 Dec22 Dec23
Debt-to-Equity
0.54 2.03 1.55

First Milling Co Quarterly Data
Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.71 1.63 1.64 1.55 1.54

Competitive Comparison of First Milling Co's Debt-to-Equity

For the Packaged Foods subindustry, First Milling 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.


First Milling Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

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

* The bar in red indicates where First Milling Co's Debt-to-Equity falls into.



First Milling Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Milling Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

First Milling Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* 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.


First Milling Co  (SAU:2283) 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.


First Milling Co Debt-to-Equity Related Terms

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First Milling Co (SAU:2283) Business Description

Traded in Other Exchanges
N/A
Address
Jeddah Islamic Port, between gates 7 and 8, PO Box: 16165, Jeddah, SAU, 22312
First Milling Co operates as a producer of flour-based products and byproducts. It is mainly engaged in producing flour, bran, wheat derivatives, and animal feed. The Company operates in four regions in the Kingdom of Saudi Arabia, which are its reportable segments.

First Milling Co (SAU:2283) Headlines

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