Jordan Steel (AMM:JOST) Debt-to-Equity : 1.71 (As of Mar. 2024)

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What is Jordan Steel Debt-to-Equity?

Jordan Steel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD11.76 Mil. Jordan Steel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was JOD14.54 Mil. Jordan Steel's Total Stockholders Equity for the quarter that ended in Mar. 2024 was JOD15.38 Mil. Jordan Steel's debt to equity for the quarter that ended in Mar. 2024 was 1.71.

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 Jordan Steel's Debt-to-Equity or its related term are showing as below:

AMM:JOST' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.36 Med: 0.66 Max: 2.54
Current: 1.71

During the past 13 years, the highest Debt-to-Equity Ratio of Jordan Steel was 2.54. The lowest was 0.36. And the median was 0.66.

AMM:JOST's Debt-to-Equity is ranked worse than
90.05% of 553 companies
in the Steel industry
Industry Median: 0.43 vs AMM:JOST: 1.71

Jordan Steel Debt-to-Equity Historical Data

The historical data trend for Jordan Steel'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.

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Jordan Steel Debt-to-Equity Chart

Jordan Steel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.76

1.00

1.10

1.47

2.54

Jordan Steel Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.49	1.53	1.57	2.54	1.71

Competitive Comparison of Jordan Steel's Debt-to-Equity

For the Steel subindustry, Jordan Steel'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.

Jordan Steel's Debt-to-Equity Distribution in the Steel Industry

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

* The bar in red indicates where Jordan Steel's Debt-to-Equity falls into.

Jordan Steel Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jordan Steel'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
	=	(11.709	+	14.544)	/	10.35
	=	2.54

Jordan Steel's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(11.762	+	14.544)	/	15.384
	=	1.71

Jordan Steel (AMM:JOST) 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.

Jordan Steel Debt-to-Equity Related Terms

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Jordan Steel (AMM:JOST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Jordan Steel (AMM:JOST) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Scientific Islamic College Street, P.O Box 35165, Building Number 3, Al Mamar Al Thani, Amman, JOR, 11180

Website

http://www.jordansteelplc.com

Jordan Steel is a steel firm that specializes in the manufacturing of steel and iron products for the construction industry. The main activity of the company is to produce reinforcing steel and pull-through steel without heating to produce steel bars and for the production of iron skewers contributing to other companies, importing, exporting, marketing, concluding contracts and trade agreements, and borrowing the necessary funds from banks. The company's products include Concrete Reinforcement Steel Bars (Rebars), Flat and Square Bars, Standard Square Bars, and Plane Round Bars. It also manufactures steel billets and wire mesh products in different sizes.

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