Saudi Arabian Mining Co (SAU:1211) Debt-to-Equity : 0.84 (As of Dec. 2023)

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What is Saudi Arabian Mining Co Debt-to-Equity?

Saudi Arabian Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼4,428 Mil. Saudi Arabian Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼34,614 Mil. Saudi Arabian Mining Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼46,423 Mil. Saudi Arabian Mining Co's debt to equity for the quarter that ended in Dec. 2023 was 0.84.

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 Saudi Arabian Mining Co's Debt-to-Equity or its related term are showing as below:

SAU:1211' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.84 Med: 1.68 Max: 2.12
Current: 0.84

During the past 13 years, the highest Debt-to-Equity Ratio of Saudi Arabian Mining Co was 2.12. The lowest was 0.84. And the median was 1.68.

SAU:1211's Debt-to-Equity is ranked worse than
84.5% of 1310 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SAU:1211: 0.84

Saudi Arabian Mining Co Debt-to-Equity Historical Data

The historical data trend for Saudi Arabian Mining 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.

* Premium members only.

Saudi Arabian Mining Co Debt-to-Equity Chart

Saudi Arabian Mining Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.67

1.64

1.35

0.96

0.84

Saudi Arabian Mining Co 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															0.96	0.93	0.84	0.85	0.84

Competitive Comparison of Saudi Arabian Mining Co's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Saudi Arabian Mining 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.

Saudi Arabian Mining Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Saudi Arabian Mining Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saudi Arabian Mining Co's Debt-to-Equity falls into.

Saudi Arabian Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Arabian Mining 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
	=	(4428.414	+	34613.881)	/	46423.296
	=	0.84

Saudi Arabian Mining 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
	=	(4428.414	+	34613.881)	/	46423.296
	=	0.84

Saudi Arabian Mining Co (SAU:1211) 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.

Saudi Arabian Mining Co Debt-to-Equity Related Terms

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Saudi Arabian Mining Co (SAU:1211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Saudi Arabian Mining Co (SAU:1211) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abi Bakr Asseddiq Road, North Ring Road, Building Number 395, P.O. BOX 68861, South Exit 6, Riyadh, SAU, 11537

Website

https://www.maaden.com.sa

Saudi Arabian Mining Co, along with its subsidiaries, is involved in the development of mineral resources in Saudi Arabia. Its activities include mining of gold, phosphate rock, bauxite, low-grade bauxite, kaolin, and magnesite. It carries out its mining activities at Mahd Ad-Dahab, Bulghah, Al-Amar, Sukhaybarat, As Suq, Ad Duwayhi, Al-Jalamid, Al-Khabra, Az Zabirah, Al-Ghazallah, and Al-Ba'itha mines. It operates through various segments such as phosphate, aluminum, precious & base metals, and corporate. Its geographical segments are Europe, Spain, and the Indian Subcontinent.

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