Arabian Contracting Services Co (SAU:4071) Debt-to-Equity : 2.54 (As of Mar. 2024)

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What is Arabian Contracting Services Co Debt-to-Equity?

Arabian Contracting Services Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼903 Mil. Arabian Contracting Services Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼2,174 Mil. Arabian Contracting Services Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,214 Mil. Arabian Contracting Services Co's debt to equity for the quarter that ended in Mar. 2024 was 2.53.

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 Arabian Contracting Services Co's Debt-to-Equity or its related term are showing as below:

SAU:4071' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.26 Med: 1.91 Max: 3.21
Current: 2.54

During the past 4 years, the highest Debt-to-Equity Ratio of Arabian Contracting Services Co was 3.21. The lowest was 1.26. And the median was 1.91.

SAU:4071's Debt-to-Equity is ranked worse than
92.08% of 846 companies
in the Media - Diversified industry
Industry Median: 0.29 vs SAU:4071: 2.54

Arabian Contracting Services Co Debt-to-Equity Historical Data

The historical data trend for Arabian Contracting Services 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.

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Arabian Contracting Services Co Debt-to-Equity Chart

Arabian Contracting Services Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.26

3.21

1.91

2.72

Arabian Contracting Services Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									1.77	1.49	1.28	2.72	2.54

Competitive Comparison of Arabian Contracting Services Co's Debt-to-Equity

For the Advertising Agencies subindustry, Arabian Contracting Services 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.

Arabian Contracting Services Co's Debt-to-Equity Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Arabian Contracting Services Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Arabian Contracting Services Co's Debt-to-Equity falls into.

Arabian Contracting Services Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arabian Contracting Services 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
	=	(748.487	+	2278.25)	/	1113.144
	=	2.72

Arabian Contracting Services 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
	=	(903.353	+	2173.881)	/	1213.967
	=	2.53

Arabian Contracting Services Co (SAU:4071) 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.

Arabian Contracting Services Co Debt-to-Equity Related Terms

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Arabian Contracting Services Co (SAU:4071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Arabian Contracting Services Co (SAU:4071) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, Floor 33, P.O.Box 55905, Riyadh, SAU, 11544

Website

https://www.al-arabia.com

Arabian Contracting Services Co in setting up and operating outdoor advertising billboards, including roadside advertising and indoor advertising. In roadside advertising, the company participates in the tenders organized by various secretariat, municipalities, and government agencies in all provinces and cities of Saudi Arabia to lease and invest in the many sites belonging to these agencies and secretariat by installing billboards in them and selling these billboards advertising spaces to their clients.

Arabian Contracting Services Co (SAU:4071) Headlines

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