Metal & Recycling Co (KUW:MRC) Debt-to-Equity : 1.62 (As of Sep. 2024)

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What is Metal & Recycling Co Debt-to-Equity?

Metal & Recycling Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was KWD3.91 Mil. Metal & Recycling Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was KWD8.57 Mil. Metal & Recycling Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was KWD7.71 Mil. Metal & Recycling Co's debt to equity for the quarter that ended in Sep. 2024 was 1.62.

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 Metal & Recycling Co's Debt-to-Equity or its related term are showing as below:

KUW:MRC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.16 Med: 0.72 Max: 1.62
Current: 1.62

During the past 13 years, the highest Debt-to-Equity Ratio of Metal & Recycling Co was 1.62. The lowest was 0.16. And the median was 0.72.

KUW:MRC's Debt-to-Equity is ranked worse than
87.05% of 224 companies
in the Waste Management industry
Industry Median: 0.625 vs KUW:MRC: 1.62

Metal & Recycling Co Debt-to-Equity Historical Data

The historical data trend for Metal & Recycling 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.

* Premium members only.

Metal & Recycling Co Debt-to-Equity Chart

Metal & Recycling Co Annual Data

Trend

Dec12

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.39

0.64

1.19

1.28

1.53

Metal & Recycling Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															1.34	1.53	1.60	1.62	1.62

Competitive Comparison of Metal & Recycling Co's Debt-to-Equity

For the Waste Management subindustry, Metal & Recycling 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.

Metal & Recycling Co's Debt-to-Equity Distribution in the Waste Management Industry

For the Waste Management industry and Industrials sector, Metal & Recycling Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Metal & Recycling Co's Debt-to-Equity falls into.

Metal & Recycling Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Metal & Recycling Co'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
	=	(3.484	+	8.274)	/	7.705
	=	1.53

Metal & Recycling Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(3.911	+	8.574)	/	7.71
	=	1.62

Metal & Recycling Co (KUW:MRC) 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.

Metal & Recycling Co Debt-to-Equity Related Terms

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Metal & Recycling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Metal & Recycling Co (KUW:MRC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Abdullah region, Location No. 4, P.O Box - 4520, Safat, Kuwait City, KWT, 13046

Website

http://www.mrckw.com

Metal & Recycling Co is a Kuwait based eco-industrial company. It principally offers sustainable waste management, recycling and industrial solutions to government, oil and gas, petrochemicals, manufacturing and commercial clients.