Nofoth Food Products Co (SAU:9556) Debt-to-Equity : 0.25 (As of Dec. 2023)

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What is Nofoth Food Products Co Debt-to-Equity?

Nofoth Food Products Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼12.9 Mil. Nofoth Food Products Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼14.2 Mil. Nofoth Food Products Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼106.4 Mil. Nofoth Food Products Co's debt to equity for the quarter that ended in Dec. 2023 was 0.25.

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 Nofoth Food Products Co's Debt-to-Equity or its related term are showing as below:

SAU:9556' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.25 Med: 0.36 Max: 0.46
Current: 0.25

During the past 2 years, the highest Debt-to-Equity Ratio of Nofoth Food Products Co was 0.46. The lowest was 0.25. And the median was 0.36.

SAU:9556's Debt-to-Equity is ranked better than
71.43% of 280 companies
in the Retail - Defensive industry
Industry Median: 0.63 vs SAU:9556: 0.25

Nofoth Food Products Co Debt-to-Equity Historical Data

The historical data trend for Nofoth Food Products 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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Nofoth Food Products Co Debt-to-Equity Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.46

0.25

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	N/A	0.46	0.35	0.25

Competitive Comparison of Nofoth Food Products Co's Debt-to-Equity

For the Grocery Stores subindustry, Nofoth Food Products 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.

Nofoth Food Products Co's Debt-to-Equity Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Nofoth Food Products Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Nofoth Food Products Co's Debt-to-Equity falls into.

Nofoth Food Products Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Nofoth Food Products 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
	=	(12.853	+	14.175)	/	106.383
	=	0.25

Nofoth Food Products 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
	=	(12.853	+	14.175)	/	106.383
	=	0.25

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co Debt-to-Equity Related Terms

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Nofoth Food Products Co (SAU:9556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co (SAU:9556) Headlines

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