Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Debt-to-Equity : 0.59 (As of Dec. 2023)

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What is Aqaseem Factory for Chemicals & Plastics Co Debt-to-Equity?

Aqaseem Factory for Chemicals & Plastics Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼23.5 Mil. Aqaseem Factory for Chemicals & Plastics Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼9.5 Mil. Aqaseem Factory for Chemicals & Plastics Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼56.0 Mil. Aqaseem Factory for Chemicals & Plastics Co's debt to equity for the quarter that ended in Dec. 2023 was 0.59.

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 Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity or its related term are showing as below:

SAU:9539' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.38 Max: 0.59
Current: 0.59

During the past 3 years, the highest Debt-to-Equity Ratio of Aqaseem Factory for Chemicals & Plastics Co was 0.59. The lowest was 0.34. And the median was 0.38.

SAU:9539's Debt-to-Equity is ranked worse than
58.57% of 828 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SAU:9539: 0.59

Aqaseem Factory for Chemicals & Plastics Co Debt-to-Equity Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-Equity Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.38

0.34

0.59

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.38	0.31	0.34	-	0.59

Competitive Comparison of Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Aqaseem Factory for Chemicals & Plastics 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.

Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity falls into.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aqaseem Factory for Chemicals & Plastics 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
	=	(23.501	+	9.483)	/	55.974
	=	0.59

Aqaseem Factory for Chemicals & Plastics Co'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
	=	(23.501	+	9.483)	/	55.974
	=	0.59

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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.

Aqaseem Factory for Chemicals & Plastics Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Aqaseem Factory for Chemicals & Plastics Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) Headlines

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