First Investment Company (K.S.C.C.) (KUW:ALOLA) Debt-to-Equity : 0.10 (As of Mar. 2024)

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What is First Investment Company (K.S.C.C.) Debt-to-Equity?

First Investment Company (K.S.C.C.)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.00 Mil. First Investment Company (K.S.C.C.)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD2.11 Mil. First Investment Company (K.S.C.C.)'s Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD22.25 Mil. First Investment Company (K.S.C.C.)'s debt to equity for the quarter that ended in Mar. 2024 was 0.09.

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 First Investment Company (K.S.C.C.)'s Debt-to-Equity or its related term are showing as below:

KUW:ALOLA' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.08 Max: 0.31
Current: 0.1

During the past 13 years, the highest Debt-to-Equity Ratio of First Investment Company (K.S.C.C.) was 0.31. The lowest was 0.02. And the median was 0.08.

KUW:ALOLA's Debt-to-Equity is ranked better than
68.74% of 1014 companies
in the Asset Management industry
Industry Median: 0.195 vs KUW:ALOLA: 0.10

First Investment Company (K.S.C.C.) Debt-to-Equity Historical Data

The historical data trend for First Investment Company (K.S.C.C.)'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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First Investment Company (K.S.C.C.) Debt-to-Equity Chart

First Investment Company (K.S.C.C.) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.07

0.06

0.11

0.10

First Investment Company (K.S.C.C.) 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															0.11	0.10	0.10	0.10	0.10

Competitive Comparison of First Investment Company (K.S.C.C.)'s Debt-to-Equity

For the Asset Management subindustry, First Investment Company (K.S.C.C.)'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.

First Investment Company (K.S.C.C.)'s Debt-to-Equity Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, First Investment Company (K.S.C.C.)'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where First Investment Company (K.S.C.C.)'s Debt-to-Equity falls into.

First Investment Company (K.S.C.C.) Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

First Investment Company (K.S.C.C.)'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
	=	(0.511	+	1.696)	/	21.323
	=	0.10

First Investment Company (K.S.C.C.)'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
	=	(0	+	2.109)	/	22.247
	=	0.09

First Investment Company (K.S.C.C.) (KUW:ALOLA) 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.

First Investment Company (K.S.C.C.) Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of First Investment Company (K.S.C.C.)'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

First Investment Company (K.S.C.C.) (KUW:ALOLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Investment Company (K.S.C.C.) (KUW:ALOLA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Hamra Tower, AI Shahada Street, Floor 68, Sharq Area, Kuwait City, KWT, 13063

Website

https://www.fic.com.kw

First Investment Company (K.S.C.C.) is a provider of investment and financial services in Kuwait. The company's activities include financial brokerage activities, securities trading transitions including buying and selling stocks and bonds of governmental and non-governmental agencies and companies. It invests in Agriculture, Oil & Oil Products, Manufacturing, Utilities, Construction, Services Sectors, Trade, Hotels, Transport, Finance, Real Estate, and Social and Personal services sector. The company operates in Kuwait, Kingdom of Saudi Arabia, and Others geographical areas with the majority of the revenue deriving from Kuwait.

First Investment Company (K.S.C.C.) (KUW:ALOLA) Headlines

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