Saudi Steel Pipe Co (SAU:1320) Debt-to-Equity : 0.63 (As of Mar. 2024)

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What is Saudi Steel Pipe Co Debt-to-Equity?

Saudi Steel Pipe Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼376 Mil. Saudi Steel Pipe Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼113 Mil. Saudi Steel Pipe Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼778 Mil. Saudi Steel Pipe Co's debt to equity for the quarter that ended in Mar. 2024 was 0.63.

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 Saudi Steel Pipe Co's Debt-to-Equity or its related term are showing as below:

SAU:1320' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.34 Med: 0.48 Max: 1.17
Current: 0.63

During the past 13 years, the highest Debt-to-Equity Ratio of Saudi Steel Pipe Co was 1.17. The lowest was 0.34. And the median was 0.48.

SAU:1320's Debt-to-Equity is ranked worse than
65.28% of 553 companies
in the Steel industry
Industry Median: 0.4 vs SAU:1320: 0.63

Saudi Steel Pipe Co Debt-to-Equity Historical Data

The historical data trend for Saudi Steel Pipe 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.

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Saudi Steel Pipe Co Debt-to-Equity Chart

Saudi Steel Pipe Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.56

0.76

0.47

0.42

0.75

Saudi Steel Pipe Co 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															0.34	1.17	1.10	0.75	0.63

Competitive Comparison of Saudi Steel Pipe Co's Debt-to-Equity

For the Steel subindustry, Saudi Steel Pipe 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.

Saudi Steel Pipe Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Saudi Steel Pipe Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saudi Steel Pipe Co's Debt-to-Equity falls into.

Saudi Steel Pipe Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Steel Pipe 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
	=	(388.531	+	150.192)	/	721.872
	=	0.75

Saudi Steel Pipe Co'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
	=	(376.256	+	113.307)	/	777.979
	=	0.63

Saudi Steel Pipe Co (SAU:1320) 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.

Saudi Steel Pipe Co Debt-to-Equity Related Terms

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Saudi Steel Pipe Co (SAU:1320) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Saudi Steel Pipe Co (SAU:1320) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 11680, Dammam, SAU, 31326

Website

https://www.sspipe.com

Saudi Steel Pipe Co is a Saudi Arabian company engaged in the manufacturing of steel pipes. The group operates in two segments, being the Process equipment segment which includes the design, manufacture, assemble, maintain, and market of heavy process equipment for the utilization of oil and gas, power generation, desalination, mining, solar energy, and off-shore plants, and Steel pipes segment which provides galvanized and non-galvanized steel pipes, square and rectangular pipes used in petroleum, gas, water, and construction sectors. It derives the majority of its revenue from the Steel pipes segment. The company has a market presence with the majority of the revenue generated from Saudi Arabia.

Saudi Steel Pipe Co (SAU:1320) Headlines

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