ArcelorMittal South Africa (ArcelorMittal South Africa) Debt-to-Equity : 0.88 (As of Dec. 2023)

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What is ArcelorMittal South Africa Debt-to-Equity?

ArcelorMittal South Africa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $216 Mil. ArcelorMittal South Africa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $153 Mil. ArcelorMittal South Africa's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $419 Mil. ArcelorMittal South Africa's debt to equity for the quarter that ended in Dec. 2023 was 0.88.

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 ArcelorMittal South Africa's Debt-to-Equity or its related term are showing as below:

ARCXF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.07 Med: 0.61 Max: 3
Current: 0.88

During the past 13 years, the highest Debt-to-Equity Ratio of ArcelorMittal South Africa was 3.00. The lowest was 0.07. And the median was 0.61.

ARCXF's Debt-to-Equity is ranked worse than
76.48% of 557 companies
in the Steel industry
Industry Median: 0.42 vs ARCXF: 0.88

ArcelorMittal South Africa Debt-to-Equity Historical Data

The historical data trend for ArcelorMittal South Africa'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.

ArcelorMittal South Africa Debt-to-Equity Chart

ArcelorMittal South Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.22

3.00

0.66

0.55

0.88

ArcelorMittal South Africa Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.66	0.44	0.55	0.59	0.88

Competitive Comparison of ArcelorMittal South Africa's Debt-to-Equity

For the Steel subindustry, ArcelorMittal South Africa'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.

ArcelorMittal South Africa's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, ArcelorMittal South Africa's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where ArcelorMittal South Africa's Debt-to-Equity falls into.

ArcelorMittal South Africa Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

ArcelorMittal South Africa'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
	=	(216.393	+	153.278)	/	418.563
	=	0.88

ArcelorMittal South Africa'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
	=	(216.393	+	153.278)	/	418.563
	=	0.88

ArcelorMittal South Africa (OTCPK:ARCXF) 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.

ArcelorMittal South Africa Debt-to-Equity Related Terms

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ArcelorMittal South Africa (ArcelorMittal South Africa) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ArcelorMittal South Africa Ltd (OTCPK:ARCXF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

ACL:South Africa ISC1:Germany

Address

Delfos Boulevard, Main Building, Vanderbijlpark Works, Vanderbijlpark, GT, ZAF, 1911

Website

https://www.arcelormittalsa.com

ArcelorMittal South Africa Ltd is a South Africa-based steel-producing company. The company's operating segments include Steel operations; Non-steel operations; Corporate and others. It generates the majority of total revenue from the Steel segment. The product range consists of hot-rolled coil, plate, coiled rounds, flats, reinforced bars, rounds, billets and channels, and commercial coke among others. The group operates mainly in South Africa. Export sales are mostly sold in sub-Saharan Africa, Asia, Europe, and America.