Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Debt-to-Equity : 1.09 (As of Dec. 2023)

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What is Burgan Company for Well Drilling Trading and MaintenanceK Debt-to-Equity?

Burgan Company for Well Drilling Trading and MaintenanceK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD35.21 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD46.85 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KWD75.47 Mil. Burgan Company for Well Drilling Trading and MaintenanceK's debt to equity for the quarter that ended in Dec. 2023 was 1.09.

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 Burgan Company for Well Drilling Trading and MaintenanceK's Debt-to-Equity or its related term are showing as below:

KUW:ABAR' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.09 Med: 1.52 Max: 1.98
Current: 1.09

During the past 13 years, the highest Debt-to-Equity Ratio of Burgan Company for Well Drilling Trading and MaintenanceK was 1.98. The lowest was 1.09. And the median was 1.52.

KUW:ABAR's Debt-to-Equity is ranked worse than
78.08% of 835 companies
in the Oil & Gas industry
Industry Median: 0.45 vs KUW:ABAR: 1.09

Burgan Company for Well Drilling Trading and MaintenanceK Debt-to-Equity Historical Data

The historical data trend for Burgan Company for Well Drilling Trading and MaintenanceK'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.

Burgan Company for Well Drilling Trading and MaintenanceK Debt-to-Equity Chart

Burgan Company for Well Drilling Trading and MaintenanceK Annual Data

Trend

Mar12

Mar13

Mar14

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Debt-to-Equity

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1.53

1.83

1.60

1.43

1.23

Burgan Company for Well Drilling Trading and MaintenanceK Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.28	1.23	1.20	1.11	1.09

Competitive Comparison of Burgan Company for Well Drilling Trading and MaintenanceK's Debt-to-Equity

For the Oil & Gas Drilling subindustry, Burgan Company for Well Drilling Trading and MaintenanceK'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.

Burgan Company for Well Drilling Trading and MaintenanceK's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Burgan Company for Well Drilling Trading and MaintenanceK's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Burgan Company for Well Drilling Trading and MaintenanceK's Debt-to-Equity falls into.

Burgan Company for Well Drilling Trading and MaintenanceK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Burgan Company for Well Drilling Trading and MaintenanceK's Debt to Equity Ratio for the fiscal year that ended in Mar. 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
	=	(39.155	+	51.07)	/	73.417
	=	1.23

Burgan Company for Well Drilling Trading and MaintenanceK'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
	=	(35.208	+	46.854)	/	75.471
	=	1.09

Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) 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.

Burgan Company for Well Drilling Trading and MaintenanceK Debt-to-Equity Related Terms

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Burgan Company for Well Drilling Trading and MaintenanceK (KUW:ABAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Burgan Company for Well Drilling Trading and Maintenance SAK (KUW:ABAR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Ahmadi, Street 306, Al Fahaheel, Block 3, P.O. Box 47143, West Industrial Shuaiba, Kuwait, KWT, 64022

Website

https://www.burgandrilling.com

Burgan Company for Well Drilling Trading and Maintenance SAK is engaged in the provision of drilling, exploration, and maintenance services of wells for oil and gas companies. It serves its clients to drill their deep, medium, and shallow wells and carry also workover operations for the same. The company's operating segment being Oil and Gas well services. Geographically, it operates and derives revenue only from Kuwait.

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