National Industries Co KSC (KUW:NICBM) Debt-to-Equity : 0.06 (As of Mar. 2024)

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What is National Industries Co KSC Debt-to-Equity?

National Industries Co KSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD4.03 Mil. National Industries Co KSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.80 Mil. National Industries Co KSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD88.42 Mil. National Industries Co KSC's debt to equity for the quarter that ended in Mar. 2024 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 National Industries Co KSC's Debt-to-Equity or its related term are showing as below:

KUW:NICBM' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.03 Max: 0.08
Current: 0.06

During the past 13 years, the highest Debt-to-Equity Ratio of National Industries Co KSC was 0.08. The lowest was 0.01. And the median was 0.03.

KUW:NICBM's Debt-to-Equity is ranked better than
87.74% of 1525 companies
in the Construction industry
Industry Median: 0.44 vs KUW:NICBM: 0.06

National Industries Co KSC Debt-to-Equity Historical Data

The historical data trend for National Industries Co KSC'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.

National Industries Co KSC Debt-to-Equity Chart

National Industries Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.03

0.07

0.05

0.04

0.03

National Industries Co KSC 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															0.04	0.03	0.03	0.03	0.06

Competitive Comparison of National Industries Co KSC's Debt-to-Equity

For the Building Products & Equipment subindustry, National Industries Co KSC'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.

National Industries Co KSC's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, National Industries Co KSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Industries Co KSC's Debt-to-Equity falls into.

National Industries Co KSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Industries Co KSC'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
	=	(2.432	+	0.156)	/	85.589
	=	0.03

National Industries Co KSC'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
	=	(4.025	+	0.798)	/	88.424
	=	0.05

National Industries Co KSC (KUW:NICBM) 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.

National Industries Co KSC Debt-to-Equity Related Terms

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National Industries Co KSC (KUW:NICBM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » National Industries Co KSC (KUW:NICBM) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jahra Road and International Airport Road, South Shuwaikh, PO Box 3314, Safat, Kuwait City, KWT, 13034

Website

https://www.nicbm.com

National Industries Co KSC is a company specializing in the manufacture and marketing of building materials and infrastructure products in the State of Kuwait. The business has four business segments which include building materials and contracting services, the Oil sector, Real estate, and investments. The majority of its revenue derives from the building materials and contracting services segment.

National Industries Co KSC (KUW:NICBM) Headlines

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