Jazeera Airways Co KSC (KUW:JAZEERA) Debt-to-Equity : 7.29 (As of Dec. 2023)

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What is Jazeera Airways Co KSC Debt-to-Equity?

Jazeera Airways Co KSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD31.6 Mil. Jazeera Airways Co KSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was KWD154.2 Mil. Jazeera Airways Co KSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was KWD25.5 Mil. Jazeera Airways Co KSC's debt to equity for the quarter that ended in Dec. 2023 was 7.29.

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 Jazeera Airways Co KSC's Debt-to-Equity or its related term are showing as below:

KUW:JAZEERA' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.73 Med: 4.6 Max: 9.78
Current: 7.29

During the past 13 years, the highest Debt-to-Equity Ratio of Jazeera Airways Co KSC was 9.78. The lowest was 1.73. And the median was 4.60.

KUW:JAZEERA's Debt-to-Equity is ranked worse than
98.08% of 884 companies
in the Transportation industry
Industry Median: 0.545 vs KUW:JAZEERA: 7.29

Jazeera Airways Co KSC Debt-to-Equity Historical Data

The historical data trend for Jazeera Airways Co KSC'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.

Jazeera Airways Co KSC Debt-to-Equity Chart

Jazeera Airways Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

2.21

9.78

4.75

4.44

7.29

Jazeera Airways Co KSC 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	Get a 7-Day Free Trial															4.44	5.69	4.95	4.64	7.29

Competitive Comparison of Jazeera Airways Co KSC's Debt-to-Equity

For the Airlines subindustry, Jazeera Airways Co KSC'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.

Jazeera Airways Co KSC's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jazeera Airways Co KSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jazeera Airways Co KSC's Debt-to-Equity falls into.

Jazeera Airways Co KSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jazeera Airways Co KSC'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
	=	(31.592	+	154.222)	/	25.497
	=	7.29

Jazeera Airways Co KSC'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
	=	(31.592	+	154.222)	/	25.497
	=	7.29

Jazeera Airways Co KSC (KUW:JAZEERA) 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.

Jazeera Airways Co KSC Debt-to-Equity Related Terms

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Jazeera Airways Co KSC (KUW:JAZEERA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jazeera Airways Co KSC (KUW:JAZEERA) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kuwait international Airport, P.O. Box 29288, Safat, Kuwait City, KWT, 13153

Website

https://www.jazeeraairways.com

Jazeera Airways Co KSC is a Kuwait-based company which is involved in the business of air transportation and commercial passenger services. The company serves its customer by providing air transportation services including people air transportation, cargo, goods and mails, and aircraft-related services. In addition, the company also provides technical support, handling, and maintenance of aircraft, customs brokerage services, and the establishment of aircraft service stations, warehouses, hangars, workshops, factories, machinery, devices, and equipment. It operates a fleet of Airbus A320 aircraft with two-class cabins and serves around 19 destinations across the Middle East. The company generates the majority of its revenue from passenger transportation activity.

Jazeera Airways Co KSC (KUW:JAZEERA) Headlines

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