Arab Aluminium Industry (AMM:AALU) Debt-to-Equity : 0.05 (As of Sep. 2024)

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What is Arab Aluminium Industry Debt-to-Equity?

Arab Aluminium Industry's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD0.51 Mil. Arab Aluminium Industry's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was JOD0.00 Mil. Arab Aluminium Industry's Total Stockholders Equity for the quarter that ended in Sep. 2024 was JOD11.12 Mil. Arab Aluminium Industry's debt to equity for the quarter that ended in Sep. 2024 was 0.05.

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 Arab Aluminium Industry's Debt-to-Equity or its related term are showing as below:

AMM:AALU' s Debt-to-Equity Range Over the Past 10 Years
Min: 0 Med: 0.06 Max: 0.16
Current: 0.05

During the past 13 years, the highest Debt-to-Equity Ratio of Arab Aluminium Industry was 0.16. The lowest was 0.00. And the median was 0.06.

AMM:AALU's Debt-to-Equity is ranked better than
66.75% of 1251 companies
in the Metals & Mining industry
Industry Median: 0.13 vs AMM:AALU: 0.05

Arab Aluminium Industry Debt-to-Equity Historical Data

The historical data trend for Arab Aluminium Industry'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.

Arab Aluminium Industry Debt-to-Equity Chart

Arab Aluminium Industry Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.05

0.01

0.15

Arab Aluminium Industry Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.10	0.15	0.11	0.08	0.05

Competitive Comparison of Arab Aluminium Industry's Debt-to-Equity

For the Aluminum subindustry, Arab Aluminium Industry'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.

Arab Aluminium Industry's Debt-to-Equity Distribution in the Metals & Mining Industry

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

* The bar in red indicates where Arab Aluminium Industry's Debt-to-Equity falls into.

Arab Aluminium Industry Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arab Aluminium Industry'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
	=	(1.658	+	0)	/	11.467
	=	0.14

Arab Aluminium Industry's Debt to Equity Ratio for the quarter that ended in Sep. 2024 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
	=	(0.51	+	0)	/	11.12
	=	0.05

Arab Aluminium Industry (AMM:AALU) 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.

Arab Aluminium Industry Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Arab Aluminium Industry's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Arab Aluminium Industry Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Arab Aluminium Industry (AMM:AALU) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ain El-Basha, P. O. Box 35042, Amman, JOR, 11180

Website

https://www.aralaluminum.com

Arab Aluminium Industry is engaged in producing all kinds of aluminum. The company manufactures aluminum, extrusion, cutting and pulling profiles, and manufacture raw materials for aluminum. The company's products include a Sliding system, Curtain wall and shutters, Hinges system, and curtains. It conducts operations in the Kingdom, representing local operations.

Arab Aluminium Industry Headlines

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