Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Debt-to-Equity : 0.22 (As of Mar. 2024)

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What is Jassim Transport & Stevedoring Co KSCC Debt-to-Equity?

Jassim Transport & Stevedoring Co KSCC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD1.49 Mil. Jassim Transport & Stevedoring Co KSCC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD10.02 Mil. Jassim Transport & Stevedoring Co KSCC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD53.41 Mil. Jassim Transport & Stevedoring Co KSCC's debt to equity for the quarter that ended in Mar. 2024 was 0.22.

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 Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity or its related term are showing as below:

KUW:JTC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.14 Max: 0.33
Current: 0.22

During the past 5 years, the highest Debt-to-Equity Ratio of Jassim Transport & Stevedoring Co KSCC was 0.33. The lowest was 0.03. And the median was 0.14.

KUW:JTC's Debt-to-Equity is ranked better than
75.68% of 884 companies
in the Transportation industry
Industry Median: 0.55 vs KUW:JTC: 0.22

Jassim Transport & Stevedoring Co KSCC Debt-to-Equity Historical Data

The historical data trend for Jassim Transport & Stevedoring Co KSCC'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.

Jassim Transport & Stevedoring Co KSCC Debt-to-Equity Chart

Jassim Transport & Stevedoring Co KSCC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.03

0.14

0.12

0.33

Jassim Transport & Stevedoring Co KSCC Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial									0.14	0.26	0.26	0.33	0.22

Competitive Comparison of Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity

For the Trucking subindustry, Jassim Transport & Stevedoring Co KSCC'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.

Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity falls into.

Jassim Transport & Stevedoring Co KSCC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Jassim Transport & Stevedoring Co KSCC'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
	=	(2.299	+	14.625)	/	51.561
	=	0.33

Jassim Transport & Stevedoring Co KSCC'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
	=	(1.489	+	10.023)	/	53.41
	=	0.22

Jassim Transport & Stevedoring Co KSCC (KUW:JTC) 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.

Jassim Transport & Stevedoring Co KSCC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Jassim Transport & Stevedoring Co KSCC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Jassim Transport & Stevedoring Co KSCC (KUW:JTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jassim Transport & Stevedoring Co KSCC (KUW:JTC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Saleh Sulaiman Al Jarah Real Estate Complex, Office 2, 5th floor, P.O. Box 22801, Mirqab, Area No 1, Building No 8, Safat, KWT, 13089

Website

https://www.jtckw.com

Jassim Transport & Stevedoring Co KSCC is a inland transportation company. It provides professional, high-quality and cost-effective solutions through four customer-focused operating divisions such as port management, contract logistics, equipment leasing and power rental. The majority of the revenue is earned in Kuwait.

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