Gas Arabian Services Co (SAU:9528) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is Gas Arabian Services Co Debt-to-Equity?

Gas Arabian Services Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.1 Mil. Gas Arabian Services Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼2.5 Mil. Gas Arabian Services Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼360.7 Mil. Gas Arabian Services Co's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 Gas Arabian Services Co's Debt-to-Equity or its related term are showing as below:

SAU:9528' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.01 Max: 0.04
Current: 0.01

During the past 3 years, the highest Debt-to-Equity Ratio of Gas Arabian Services Co was 0.04. The lowest was 0.00. And the median was 0.01.

SAU:9528's Debt-to-Equity is ranked better than
99.88% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs SAU:9528: 0.01

Gas Arabian Services Co Debt-to-Equity Historical Data

The historical data trend for Gas Arabian Services 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.

Gas Arabian Services Co Debt-to-Equity Chart

Gas Arabian Services Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.04

0.01

Gas Arabian Services Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.04	0.09	-	0.03	0.01

Competitive Comparison of Gas Arabian Services Co's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, Gas Arabian Services 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.

Gas Arabian Services Co's Debt-to-Equity Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Gas Arabian Services Co's Debt-to-Equity falls into.

Gas Arabian Services Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Gas Arabian Services 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
	=	(1.139	+	2.477)	/	360.69
	=	0.01

Gas Arabian Services Co'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
	=	(1.139	+	2.477)	/	360.69
	=	0.01

Gas Arabian Services Co (SAU:9528) 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.

Gas Arabian Services Co Debt-to-Equity Related Terms

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Gas Arabian Services Co (SAU:9528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gas Arabian Services Co (SAU:9528) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit no. 8500, Dammam, SAU, 32241-5150

Website

https://www.gasarabian.com

Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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