Arabian Drilling Co (SAU:2381) Equity-to-Asset : 0.56 (As of Dec. 2023)

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What is Arabian Drilling Co Equity-to-Asset?

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. Arabian Drilling Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼5,961 Mil. Arabian Drilling Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼10,686 Mil. Therefore, Arabian Drilling Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 was 0.56.

The historical rank and industry rank for Arabian Drilling Co's Equity-to-Asset or its related term are showing as below:

SAU:2381' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.56 Med: 0.59 Max: 0.64
Current: 0.56

During the past 3 years, the highest Equity to Asset Ratio of Arabian Drilling Co was 0.64. The lowest was 0.56. And the median was 0.59.

SAU:2381's Equity-to-Asset is ranked better than
59.29% of 1093 companies
in the Oil & Gas industry
Industry Median: 0.51 vs SAU:2381: 0.56

Arabian Drilling Co Equity-to-Asset Historical Data

The historical data trend for Arabian Drilling Co's Equity-to-Asset 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.

Arabian Drilling Co Equity-to-Asset Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Equity-to-Asset

0.64

0.59

0.56

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Equity-to-Asset	Get a 7-Day Free Trial					0.59	0.59	0.59	0.60	0.56

Competitive Comparison of Arabian Drilling Co's Equity-to-Asset

For the Oil & Gas Drilling subindustry, Arabian Drilling Co's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Drilling Co's Equity-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Drilling Co's Equity-to-Asset distribution charts can be found below:

* The bar in red indicates where Arabian Drilling Co's Equity-to-Asset falls into.

Arabian Drilling Co Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

Arabian Drilling Co's Equity to Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Equity to Asset (A: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	5961.421	/	10686.474
	=	0.56

Arabian Drilling Co's Equity to Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

Equity to Asset (Q: Dec. 2023 )	=	Total Stockholders Equity	/	Total Assets
	=	5961.421	/	10686.474
	=	0.56

Arabian Drilling Co (SAU:2381) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.

Arabian Drilling Co Equity-to-Asset Related Terms

Thank you for viewing the detailed overview of Arabian Drilling Co's Equity-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Arabian Drilling Co (SAU:2381) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Equity-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs and related activities. The operating segment of the company Provision of drilling and related services through land rigs and Provision of drilling and related services through off-shore rigs. Majority of revenue is generated from Provision of drilling and related services through land rigs.

Arabian Drilling Co (SAU:2381) Headlines

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