Dubai Taxi Co (DFM:DTC) Debt-to-Equity : 2.44 (As of Dec. 2024)

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What is Dubai Taxi Co Debt-to-Equity?

Dubai Taxi Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was د.إ1 Mil. Dubai Taxi Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was د.إ1,001 Mil. Dubai Taxi Co's Total Stockholders Equity for the quarter that ended in Dec. 2024 was د.إ411 Mil. Dubai Taxi Co's debt to equity for the quarter that ended in Dec. 2024 was 2.44.

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 Dubai Taxi Co's Debt-to-Equity or its related term are showing as below:

DFM:DTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.04 Max: 3.24
Current: 2.44

During the past 6 years, the highest Debt-to-Equity Ratio of Dubai Taxi Co was 3.24. The lowest was 0.02. And the median was 0.04.

DFM:DTC's Debt-to-Equity is ranked worse than
89.96% of 916 companies
in the Business Services industry
Industry Median: 0.36 vs DFM:DTC: 2.44

Dubai Taxi Co Debt-to-Equity Historical Data

The historical data trend for Dubai Taxi 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.

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Dubai Taxi Co Debt-to-Equity Chart

Dubai Taxi Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Equity

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0.04

0.02

3.24

2.44

Dubai Taxi Co Quarterly Data
	Dec19	Dec20	Dec21	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Equity	Get a 7-Day Free Trial								3.24	2.93	2.44	3.07	2.44

Competitive Comparison of Dubai Taxi Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, Dubai Taxi 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.

Dubai Taxi Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Dubai Taxi Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Dubai Taxi Co's Debt-to-Equity falls into.

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Dubai Taxi Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Dubai Taxi Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 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
	=	(0.698	+	1000.804)	/	410.578
	=	2.44

Dubai Taxi Co's Debt to Equity Ratio for the quarter that ended in Dec. 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
	=	(0.698	+	1000.804)	/	410.578
	=	2.44

Dubai Taxi Co (DFM:DTC) 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.

Dubai Taxi Co Debt-to-Equity Related Terms

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Dubai Taxi Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Dubai Taxi Co (DFM:DTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Amman Street, P.O. Box 2647, First floor, main building, Al Muhaisnah area, Dubai, ARE

Website

https://www.dubaitaxi.ae

Dubai Taxi Co is a mobility solutions and taxi operator company in Dubai. It offers a wide range of transportation solutions across its four main business lines, which include taxi services through its large, environmentally friendly fleet, VIP limousine services consisting of chauffeur-driven vehicles to provide luxury service, bus services, and last-mile delivery services via delivery bikes. It generates the majority of its revenue from Regular Taxi.

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