Saudi Aramco Base Oil Co - Luberef (SAU:2223) Debt-to-Equity : 0.44 (As of Dec. 2023)

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What is Saudi Aramco Base Oil Co - Luberef Debt-to-Equity?

Saudi Aramco Base Oil Co - Luberef's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼221 Mil. Saudi Aramco Base Oil Co - Luberef's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1,908 Mil. Saudi Aramco Base Oil Co - Luberef's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼4,869 Mil. Saudi Aramco Base Oil Co - Luberef's debt to equity for the quarter that ended in Dec. 2023 was 0.44.

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 Aramco Base Oil Co - Luberef's Debt-to-Equity or its related term are showing as below:

SAU:2223' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.44 Max: 0.56
Current: 0.44

During the past 3 years, the highest Debt-to-Equity Ratio of Saudi Aramco Base Oil Co - Luberef was 0.56. The lowest was 0.44. And the median was 0.44.

SAU:2223's Debt-to-Equity is ranked better than
50.36% of 836 companies
in the Oil & Gas industry
Industry Median: 0.445 vs SAU:2223: 0.44

Saudi Aramco Base Oil Co - Luberef Debt-to-Equity Historical Data

The historical data trend for Saudi Aramco Base Oil Co - Luberef'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.

Saudi Aramco Base Oil Co - Luberef Debt-to-Equity Chart

Saudi Aramco Base Oil Co - Luberef Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.56

0.44

Saudi Aramco Base Oil Co - Luberef Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial				0.44	0.41	0.42	0.47	0.44

Competitive Comparison of Saudi Aramco Base Oil Co - Luberef's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Saudi Aramco Base Oil Co - Luberef'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 Aramco Base Oil Co - Luberef's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Saudi Aramco Base Oil Co - Luberef's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saudi Aramco Base Oil Co - Luberef's Debt-to-Equity falls into.

Saudi Aramco Base Oil Co - Luberef Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Aramco Base Oil Co - Luberef'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
	=	(220.782	+	1907.592)	/	4868.793
	=	0.44

Saudi Aramco Base Oil Co - Luberef'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
	=	(220.782	+	1907.592)	/	4868.793
	=	0.44

Saudi Aramco Base Oil Co - Luberef (SAU:2223) 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 Aramco Base Oil Co - Luberef Debt-to-Equity Related Terms

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Saudi Aramco Base Oil Co - Luberef (SAU:2223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saudi Aramco Base Oil Co - Luberef (SAU:2223) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saudi Aramco Industrial Area, P.O. Box 5518, Jeddah, SAU, 21432

Website

https://www.luberef.com

Saudi Aramco Base Oil Co - Luberef is engaged in constructing, owning, and operating refineries of lubricating oils and to purchase, sell, transporting, marketing, importing, and exporting lubricating oils, additives, lubricating oil blending stocks, byproducts, and other related petroleum products. Geographically, the company operates in the Kingdom of Saudi Arabia, the United Arab Emirates, India, Egypt, Singapore, and Others.

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