Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Debt-to-Equity

: 0.81 (As of Dec. 2023)

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Ras AL Khaimah Ceramics Co PSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ814 Mil. Ras AL Khaimah Ceramics Co PSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ985 Mil. Ras AL Khaimah Ceramics Co PSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ2,234 Mil. Ras AL Khaimah Ceramics Co PSC's debt to equity for the quarter that ended in Dec. 2023 was 0.81.

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 Ras AL Khaimah Ceramics Co PSC's Debt-to-Equity or its related term are showing as below:

ADX:RAKCEC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 0.74 Max: 0.9
Current: 0.81

During the past 13 years, the highest Debt-to-Equity Ratio of Ras AL Khaimah Ceramics Co PSC was 0.90. The lowest was 0.67. And the median was 0.74.

ADX:RAKCEC's Debt-to-Equity is ranked worse than
69.39% of 1503 companies
in the Construction industry
Industry Median: 0.43 vs ADX:RAKCEC: 0.81

Ras AL Khaimah Ceramics Co PSC Debt-to-Equity Historical Data

The historical data trend for Ras AL Khaimah Ceramics Co PSC'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.

Ras AL Khaimah Ceramics Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.76

0.90

0.72

0.85

0.81

Ras AL Khaimah Ceramics Co PSC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity																0.85	0.92	0.82	0.85	0.81

Competitive Comparison

For the Building Products & Equipment subindustry, Ras AL Khaimah Ceramics Co PSC'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.

Ras AL Khaimah Ceramics Co PSC Debt-to-Equity Distribution

For the Construction industry and Industrials sector, Ras AL Khaimah Ceramics Co PSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ras AL Khaimah Ceramics Co PSC's Debt-to-Equity falls into.

Ras AL Khaimah Ceramics Co PSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ras AL Khaimah Ceramics Co PSC'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
	=	(814.01	+	985.476)	/	2234.255
	=	0.81

Ras AL Khaimah Ceramics Co PSC'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
	=	(814.01	+	985.476)	/	2234.255
	=	0.81

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) 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.

Ras AL Khaimah Ceramics Co PSC Debt-to-Equity Related Terms

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Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Jazeerah Al Hamra City, P.O. Box 4714, Ras Al Khaimah, ARE

Website

https://www.rakceramics.com

Ras AL Khaimah Ceramics Co PSC is engaged in the manufacturing and sale of a variety of ceramic products including tiles, bathroom sets, sanitary wares, table wares and faucets. The reportable segments of the company are Ceramics products, includes manufacture and sale of ceramic wall and floor tiles, gres porcellanato, bath-ware and tableware products. Faucets, includes manufacture and sale of Taps and Faucets. Other industrial, includes manufacturing and distribution of power, paints, plastics, mines and chemicals. Others includes security services, material movement, real estate, construction projects and civil works.

Ras AL Khaimah Ceramics Co PSC (ADX:RAKCEC) Headlines

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