Thimar Development Holding Co (SAU:4160) Debt-to-Equity : -0.33 (As of Jun. 2023)

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What is Thimar Development Holding Co Debt-to-Equity?

Thimar Development Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼32.03 Mil. Thimar Development Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼0.00 Mil. Thimar Development Holding Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ﷼-98.27 Mil. Thimar Development Holding Co's debt to equity for the quarter that ended in Jun. 2023 was -0.33.

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 Thimar Development Holding Co's Debt-to-Equity or its related term are showing as below:

SAU:4160' s Debt-to-Equity Range Over the Past 10 Years
Min: -0.32 Med: 0.1 Max: 0.9
Current: 0.45

During the past 13 years, the highest Debt-to-Equity Ratio of Thimar Development Holding Co was 0.90. The lowest was -0.32. And the median was 0.10.

SAU:4160's Debt-to-Equity is ranked worse than
52.86% of 1646 companies
in the Consumer Packaged Goods industry
Industry Median: 0.41 vs SAU:4160: 0.45

Thimar Development Holding Co Debt-to-Equity Historical Data

The historical data trend for Thimar Development Holding 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.

* Premium members only.

Thimar Development Holding Co Debt-to-Equity Chart

Thimar Development Holding Co Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.90

-0.25

-0.32

0.45

Thimar Development Holding Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															-0.34	-0.32	-0.32	-0.33	0.45

Competitive Comparison of Thimar Development Holding Co's Debt-to-Equity

For the Farm Products subindustry, Thimar Development Holding 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.

Thimar Development Holding Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Thimar Development Holding Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Thimar Development Holding Co's Debt-to-Equity falls into.

Thimar Development Holding Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Thimar Development Holding 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
	=	(0	+	14.121)	/	31.139
	=	0.45

Thimar Development Holding Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(32.033	+	0)	/	-98.27
	=	-0.33

Thimar Development Holding Co (SAU:4160) 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.

Thimar Development Holding Co Debt-to-Equity Related Terms

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Thimar Development Holding Co (SAU:4160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thimar Development Holding Co (SAU:4160) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Oroba Road, Building No. 3549, Al Olaya District, Next to Al Ahli Bank, Riyadh, SAU

Website

http://www.thimarfresh.com

Thimar Development Holding Co is engaged in marketing, wholesale and retail trade of agricultural products, foodstuffs, and all kinds of meat, fresh, chilled, and frozen. Also providing services in marketing, maintenance, and management of agricultural projects, management, and operation of central wholesale markets. The company has activities only in the kingdom of Saudi Arabia.

Thimar Development Holding Co (SAU:4160) Headlines

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