Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Debt-to-Equity : 0.00 (As of Sep. 2023)

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What is Ras Al Khaimah Co for White Cementnstruction Materials Debt-to-Equity?

Ras Al Khaimah Co for White Cementnstruction Materials's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ0.0 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ0.0 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's Total Stockholders Equity for the quarter that ended in Sep. 2023 was د.إ777.3 Mil. Ras Al Khaimah Co for White Cementnstruction Materials's debt to equity for the quarter that ended in Sep. 2023 was 0.00.

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 Co for White Cementnstruction Materials's Debt-to-Equity or its related term are showing as below:

During the past 13 years, the highest Debt-to-Equity Ratio of Ras Al Khaimah Co for White Cementnstruction Materials was 0.30. The lowest was 0.08. And the median was 0.17.

ADX:RAKWCT's Debt-to-Equity is not ranked ^*
in the Building Materials industry.
Industry Median: 0.39
* Ranked among companies with meaningful Debt-to-Equity only.

Ras Al Khaimah Co for White Cementnstruction Materials Debt-to-Equity Historical Data

The historical data trend for Ras Al Khaimah Co for White Cementnstruction Materials'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 Co for White Cementnstruction Materials Debt-to-Equity Chart

Ras Al Khaimah Co for White Cementnstruction Materials Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.21

0.16

0.13

0.09

Ras Al Khaimah Co for White Cementnstruction Materials Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Ras Al Khaimah Co for White Cementnstruction Materials's Debt-to-Equity

For the Building Materials subindustry, Ras Al Khaimah Co for White Cementnstruction Materials'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 Co for White Cementnstruction Materials's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Ras Al Khaimah Co for White Cementnstruction Materials's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Ras Al Khaimah Co for White Cementnstruction Materials's Debt-to-Equity falls into.

Ras Al Khaimah Co for White Cementnstruction Materials Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Ras Al Khaimah Co for White Cementnstruction Materials's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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	+	0)	/	782.155
	=	0.00

Ras Al Khaimah Co for White Cementnstruction Materials's Debt to Equity Ratio for the quarter that ended in Sep. 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	+	0)	/	777.332
	=	0.00

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) 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 Co for White Cementnstruction Materials Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Ras Al Khaimah Co for White Cementnstruction Materials's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Ras Al Khaimah Co for White Cement & Construction Materials (ADX:RAKWCT) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 1492, Ras Al Khaimah, ARE

Website

https://www.rakwhitecement.ae

Ras Al Khaimah Co for White Cement & Construction Materials is engaged in the production of cement, building materials, and lime. The principal activities of the company are to manufacture and supply white cement, lime, and cement products. The company operates through two business segments which include Manufacturing and Investments. The manufacturing segment refers to the manufacture and distribution of white cement. The investment segment consists of investments in marketable equity securities and deposits with banks.

Ras Al Khaimah Co for White Cementnstruction Materials (ADX:RAKWCT) Headlines

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