Herfy Food Services Co (SAU:6002) Debt-to-Equity : 0.53 (As of Mar. 2024)

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What is Herfy Food Services Co Debt-to-Equity?

Herfy Food Services Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼65 Mil. Herfy Food Services Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼485 Mil. Herfy Food Services Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,034 Mil. Herfy Food Services Co's debt to equity for the quarter that ended in Mar. 2024 was 0.53.

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

SAU:6002' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.24 Med: 0.54 Max: 0.85
Current: 0.53

During the past 13 years, the highest Debt-to-Equity Ratio of Herfy Food Services Co was 0.85. The lowest was 0.24. And the median was 0.54.

SAU:6002's Debt-to-Equity is ranked better than
70.76% of 301 companies
in the Restaurants industry
Industry Median: 0.93 vs SAU:6002: 0.53

Herfy Food Services Co Debt-to-Equity Historical Data

The historical data trend for Herfy Food 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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Herfy Food Services Co Debt-to-Equity Chart

Herfy Food Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.78

0.85

0.62

0.57

0.56

Herfy Food Services 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															0.54	0.59	0.57	0.56	0.53

Competitive Comparison of Herfy Food Services Co's Debt-to-Equity

For the Restaurants subindustry, Herfy Food 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.

Herfy Food Services Co's Debt-to-Equity Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Herfy Food Services Co's Debt-to-Equity distribution charts can be found below:

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

Herfy Food Services Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Herfy Food 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
	=	(62.433	+	515.382)	/	1033.477
	=	0.56

Herfy Food 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
	=	(64.872	+	484.756)	/	1033.925
	=	0.53

Herfy Food Services Co (SAU:6002) 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.

Herfy Food Services Co Debt-to-Equity Related Terms

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Herfy Food Services Co (SAU:6002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Herfy Food Services Co (SAU:6002) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh-Mourouj Quarter, P.O. Box 86958, Al Moroug District, Al Riyadh, SAU, 11632

Website

https://www.herfy.com

Herfy Food Services Co establishes, operates, and franchises restaurants in the Kingdom of Saudi Arabia. Its restaurants offer cooked meals to companies and others. The company also franchises restaurants in Kuwait, the United Arab Emirates, Egypt, and Bahrain; provides catering services; manufactures and sells meat products, as well as bakery and pastry, and sweets and chocolate products; and operates bakeries. In addition, it purchases and sells land for constructing buildings; and owns, uses, maintains, and leases stores and food store fridges.

Herfy Food Services Co (SAU:6002) Headlines

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