National Cement Co PSC (DFM:NCC) Debt-to-Equity : 0.01 (As of Dec. 2023)

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What is National Cement Co PSC Debt-to-Equity?

National Cement Co PSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ20.0 Mil. National Cement Co PSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ0.0 Mil. National Cement Co PSC's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ2,014.7 Mil. National Cement Co PSC's debt to equity for the quarter that ended in Dec. 2023 was 0.01.

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 National Cement Co PSC's Debt-to-Equity or its related term are showing as below:

DFM:NCC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.19 Max: 0.29
Current: 0.01

During the past 13 years, the highest Debt-to-Equity Ratio of National Cement Co PSC was 0.29. The lowest was 0.01. And the median was 0.19.

DFM:NCC's Debt-to-Equity is ranked better than
99.72% of 354 companies
in the Building Materials industry
Industry Median: 0.39 vs DFM:NCC: 0.01

National Cement Co PSC Debt-to-Equity Historical Data

The historical data trend for National Cement Co PSC'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.

National Cement Co PSC Debt-to-Equity Chart

National Cement Co PSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.22

0.16

0.07

0.01

National Cement Co PSC 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															0.07	0.06	0.06	0.03	0.01

Competitive Comparison of National Cement Co PSC's Debt-to-Equity

For the Building Materials subindustry, National Cement Co PSC'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.

National Cement Co PSC's Debt-to-Equity Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, National Cement Co PSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Cement Co PSC's Debt-to-Equity falls into.

National Cement Co PSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Cement Co PSC'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
	=	(20	+	0)	/	2014.713
	=	0.01

National Cement Co PSC'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
	=	(20	+	0)	/	2014.713
	=	0.01

National Cement Co PSC (DFM:NCC) 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.

National Cement Co PSC Debt-to-Equity Related Terms

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National Cement Co PSC (DFM:NCC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » National Cement Co PSC (DFM:NCC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sheikh Zayed Road, P.O. Box 4041, Al-Quoz Industrial Area, Dubai, ARE

Website

http://www.nationalcement.ae

National Cement Co PSC is a UAE-based company which manufactures cement and gypsum products. Its product portfolio includes Ordinary Portland Cement, High Sulphate Resisting Portland Cement, Moderate Sulphate Resisting Portland Cement, Portland Blast Furnace Cement, High Slag Portland Blast Cement and White Aggregates. The company serves the UAE and GCC markets with its array of branded cement products. It is involved in manufacturing and supply of Cement and clinker in the United Arab Emirates and the region.

National Cement Co PSC (DFM:NCC) Headlines

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