Combined Group Contracting K C (KUW:CGC) Debt-to-Equity : 0.52 (As of Jun. 2024)

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What is Combined Group Contracting K C Debt-to-Equity?

Combined Group Contracting K C's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD19.6 Mil. Combined Group Contracting K C's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was KWD9.7 Mil. Combined Group Contracting K C's Total Stockholders Equity for the quarter that ended in Jun. 2024 was KWD56.2 Mil. Combined Group Contracting K C's debt to equity for the quarter that ended in Jun. 2024 was 0.52.

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 Combined Group Contracting K C's Debt-to-Equity or its related term are showing as below:

KUW:CGC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.5 Med: 1.17 Max: 2.01
Current: 0.52

During the past 13 years, the highest Debt-to-Equity Ratio of Combined Group Contracting K C was 2.01. The lowest was 0.50. And the median was 1.17.

KUW:CGC's Debt-to-Equity is ranked worse than
54.84% of 1548 companies
in the Construction industry
Industry Median: 0.44 vs KUW:CGC: 0.52

Combined Group Contracting K C Debt-to-Equity Historical Data

The historical data trend for Combined Group Contracting K C'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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Combined Group Contracting K C Debt-to-Equity Chart

Combined Group Contracting K C Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.24

1.00

0.63

0.59

0.51

Combined Group Contracting K C Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Debt-to-Equity	Get a 7-Day Free Trial															0.65	0.53	0.51	0.50	0.52

Competitive Comparison of Combined Group Contracting K C's Debt-to-Equity

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.

Combined Group Contracting K C's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Debt-to-Equity falls into.

Combined Group Contracting K C Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Combined Group Contracting K C'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
	=	(18.391	+	10.059)	/	55.706
	=	0.51

Combined Group Contracting K C's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(19.621	+	9.713)	/	56.22
	=	0.52

Combined Group Contracting K C (KUW:CGC) 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.

Combined Group Contracting K C Debt-to-Equity Related Terms

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Combined Group Contracting K C Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Combined Group Contracting SA K C (KUW:CGC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049

Website

https://www.cgc-kw.com

Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction industry. It undertakes general contracting, mechanical works, engineering works; packaging cement, sand, and related materials; Asphalt production, constructions works of building, ways, bridges and managing, controlling them and their related works and many other activities. The group has the operations in State of Kuwait and Gulf Countries of which it earns the majority of revenue share from Kuwait region.