AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Debt-to-Equity : 0.05 (As of Dec. 2023)

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What is AlMuneef Co For Trade Industry Agriculture And Contracting Debt-to-Equity?

AlMuneef Co For Trade Industry Agriculture And Contracting's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.1 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.8 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼94.4 Mil. AlMuneef Co For Trade Industry Agriculture And Contracting's debt to equity for the quarter that ended in Dec. 2023 was 0.05.

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 AlMuneef Co For Trade Industry Agriculture And Contracting's Debt-to-Equity or its related term are showing as below:

SAU:9569' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.07 Max: 0.11
Current: 0.05

During the past 3 years, the highest Debt-to-Equity Ratio of AlMuneef Co For Trade Industry Agriculture And Contracting was 0.11. The lowest was 0.05. And the median was 0.07.

SAU:9569's Debt-to-Equity is ranked better than
88.89% of 216 companies
in the Agriculture industry
Industry Median: 0.35 vs SAU:9569: 0.05

AlMuneef Co For Trade Industry Agriculture And Contracting Debt-to-Equity Historical Data

The historical data trend for AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting Debt-to-Equity Chart

AlMuneef Co For Trade Industry Agriculture And Contracting Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.11

0.07

0.05

AlMuneef Co For Trade Industry Agriculture And Contracting Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	N/A	0.07	0.06	0.05

Competitive Comparison of AlMuneef Co For Trade Industry Agriculture And Contracting's Debt-to-Equity

For the Agricultural Inputs subindustry, AlMuneef Co For Trade Industry Agriculture And Contracting'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.

AlMuneef Co For Trade Industry Agriculture And Contracting's Debt-to-Equity Distribution in the Agriculture Industry

For the Agriculture industry and Basic Materials sector, AlMuneef Co For Trade Industry Agriculture And Contracting's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where AlMuneef Co For Trade Industry Agriculture And Contracting's Debt-to-Equity falls into.

AlMuneef Co For Trade Industry Agriculture And Contracting Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

AlMuneef Co For Trade Industry Agriculture And Contracting'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
	=	(1.072	+	3.788)	/	94.431
	=	0.05

AlMuneef Co For Trade Industry Agriculture And Contracting'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
	=	(1.072	+	3.788)	/	94.431
	=	0.05

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) 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.

AlMuneef Co For Trade Industry Agriculture And Contracting Debt-to-Equity Related Terms

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AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building No. 5065, Unit No. 1, Al-Manakh District, Riyadh, SAU, 14314

Website

https://www.almuneef.com

AlMuneef Co For Trade Industry Agriculture And Contracting is engaged in the business which includes operating quarries, cutting and sawing marble, renovation of residential and non-residential buildings, wholesale of chemical fertilizers and soil conditioners, and pesticides, as listed in the commercial register. wholesale of pesticides, wholesale of health pesticides, and retail of pesticides. Fuel for automobiles and motorcycles (gas stations), retail of seedlings and saplings of agricultural products, retail of plant seeds, fertilizers, and soil conditioners, retail of agricultural pesticides, land transportation of goods, silo storage of grains, flour, and agricultural products.

AlMuneef Co For Trade Industry Agriculture And Contracting (SAU:9569) Headlines

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