Al Rashid Industrial Co (SAU:9580) Debt-to-Equity : 0.14 (As of Dec. 2022)

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What is Al Rashid Industrial Co Debt-to-Equity?

Al Rashid Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼13.5 Mil. Al Rashid Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼1.8 Mil. Al Rashid Industrial Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ﷼106.3 Mil. Al Rashid Industrial Co's debt to equity for the quarter that ended in Dec. 2022 was 0.14.

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 Al Rashid Industrial Co's Debt-to-Equity or its related term are showing as below:

SAU:9580' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.13 Max: 0.14
Current: 0.12

During the past 2 years, the highest Debt-to-Equity Ratio of Al Rashid Industrial Co was 0.14. The lowest was 0.12. And the median was 0.13.

SAU:9580's Debt-to-Equity is ranked better than
76.86% of 350 companies
in the Packaging & Containers industry
Industry Median: 0.445 vs SAU:9580: 0.12

Al Rashid Industrial Co Debt-to-Equity Historical Data

The historical data trend for Al Rashid Industrial 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.

Al Rashid Industrial Co Debt-to-Equity Chart

Al Rashid Industrial Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.14

0.12

Al Rashid Industrial Co Quarterly Data
	Dec22	Dec23
Debt-to-Equity	0.14	0.12

Competitive Comparison of Al Rashid Industrial Co's Debt-to-Equity

For the Packaging & Containers subindustry, Al Rashid Industrial 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.

Al Rashid Industrial Co's Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Al Rashid Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Rashid Industrial Co's Debt-to-Equity falls into.

Al Rashid Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Rashid Industrial 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
	=	(13.385	+	1.155)	/	121.09
	=	0.12

Al Rashid Industrial Co's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(13.486	+	1.793)	/	106.305
	=	0.14

Al Rashid Industrial Co (SAU:9580) 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.

Al Rashid Industrial Co Debt-to-Equity Related Terms

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Al Rashid Industrial Co (SAU:9580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Al Rashid Industrial Co (SAU:9580) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Industrial City, 7960, Riyadh, SAU, 143322

Website

https://www.lastmade.com

Al Rashid Industrial Co is a company engaged in the production of many plastic products through drawing, injection, thermoforming and blowing techniques. All of these lines serve multiple commercial sectors, including food packaging and household appliances, date packaging, sweets and pastries, as well as single-use food containers.

Al Rashid Industrial Co (SAU:9580) Headlines

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