Rabigh Refining & Petrochemical Co (SAU:2380) Debt-to-Equity : 4.51 (As of Mar. 2024)

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What is Rabigh Refining & Petrochemical Co Debt-to-Equity?

Rabigh Refining & Petrochemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼12,833 Mil. Rabigh Refining & Petrochemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼28,606 Mil. Rabigh Refining & Petrochemical Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼9,186 Mil. Rabigh Refining & Petrochemical Co's debt to equity for the quarter that ended in Mar. 2024 was 4.51.

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 Rabigh Refining & Petrochemical Co's Debt-to-Equity or its related term are showing as below:

SAU:2380' s Debt-to-Equity Range Over the Past 10 Years
Min: 2.18 Med: 4.54 Max: 8.86
Current: 4.51

During the past 13 years, the highest Debt-to-Equity Ratio of Rabigh Refining & Petrochemical Co was 8.86. The lowest was 2.18. And the median was 4.54.

SAU:2380's Debt-to-Equity is ranked worse than
96.97% of 826 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SAU:2380: 4.51

Rabigh Refining & Petrochemical Co Debt-to-Equity Historical Data

The historical data trend for Rabigh Refining & Petrochemical 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.

Rabigh Refining & Petrochemical Co Debt-to-Equity Chart

Rabigh Refining & Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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5.25

8.86

6.02

2.41

3.68

Rabigh Refining & Petrochemical 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															2.67	2.92	3.24	3.68	4.51

Competitive Comparison of Rabigh Refining & Petrochemical Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Rabigh Refining & Petrochemical 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.

Rabigh Refining & Petrochemical Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rabigh Refining & Petrochemical Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rabigh Refining & Petrochemical Co's Debt-to-Equity falls into.

Rabigh Refining & Petrochemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rabigh Refining & Petrochemical Co'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
	=	(9713.349	+	29082.448)	/	10550.681
	=	3.68

Rabigh Refining & Petrochemical 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
	=	(12832.675	+	28605.92)	/	9185.684
	=	4.51

Rabigh Refining & Petrochemical Co (SAU:2380) 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.

Rabigh Refining & Petrochemical Co Debt-to-Equity Related Terms

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Rabigh Refining & Petrochemical Co (SAU:2380) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Rabigh Refining & Petrochemical Co (SAU:2380) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 101, Rabigh, SAU, 21911

Website

http://www.petrorabigh.com

Rabigh Refining & Petrochemical Co is engaged in the development, construction, and operation of an integrated petroleum refining and petrochemical complex. The company's operating segment include Refined Products and Petrochemicals. It generates maximum revenue from the Refined products segment. The company's Refined products include Fuel Oil; Gas Oil; Gasoline; Kerosene; Naphtha and LPG. Its Petrochemicals division producing petrochemical products, such as polyethylene, mono ethylene glycol, polypropylene, and propylene oxide from crude oil, ethane, and butane.

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