National Industries Group HoldingK (KUW:NIND) Debt-to-Equity : 1.40 (As of Mar. 2024)

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What is National Industries Group HoldingK Debt-to-Equity?

National Industries Group HoldingK's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD456.7 Mil. National Industries Group HoldingK's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD282.2 Mil. National Industries Group HoldingK's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD526.2 Mil. National Industries Group HoldingK's debt to equity for the quarter that ended in Mar. 2024 was 1.40.

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 Industries Group HoldingK's Debt-to-Equity or its related term are showing as below:

KUW:NIND' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.29 Med: 1.76 Max: 2.14
Current: 1.4

During the past 13 years, the highest Debt-to-Equity Ratio of National Industries Group HoldingK was 2.14. The lowest was 1.29. And the median was 1.76.

KUW:NIND's Debt-to-Equity is ranked worse than
80.54% of 483 companies
in the Conglomerates industry
Industry Median: 0.56 vs KUW:NIND: 1.40

National Industries Group HoldingK Debt-to-Equity Historical Data

The historical data trend for National Industries Group HoldingK'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 Industries Group HoldingK Debt-to-Equity Chart

National Industries Group HoldingK Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.74

1.98

1.56

1.35

1.45

National Industries Group HoldingK Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															1.46	1.49	1.48	1.45	1.40

Competitive Comparison of National Industries Group HoldingK's Debt-to-Equity

For the Conglomerates subindustry, National Industries Group HoldingK'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 Industries Group HoldingK's Debt-to-Equity Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, National Industries Group HoldingK's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Industries Group HoldingK's Debt-to-Equity falls into.

National Industries Group HoldingK Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Industries Group HoldingK'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
	=	(294.384	+	428.719)	/	498.902
	=	1.45

National Industries Group HoldingK'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
	=	(456.703	+	282.227)	/	526.183
	=	1.40

National Industries Group HoldingK (KUW:NIND) 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 Industries Group HoldingK Debt-to-Equity Related Terms

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National Industries Group HoldingK (KUW:NIND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » National Industries Group Holding SAK (KUW:NIND) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

NIND:United Arab Emirates

Address

Shuwaikh - Jahra Road Interchange, P.O. Box 417, Beside kuwait Red Cresent Society, Safat, Kuwait City, KWT, 13005

Website

http://www.nig.com.kw

National Industries Group Holding SAK operates in investment and shares, building materials, petrochemicals, oil and gas services, mechanical industries, utilities, real estate infrastructure and financial services. The company has four segments: Investments, Building materials, Specialist engineering and chemical and Hotel and IT services. Geographically, it generates majority revenue from the Kuwait region.

National Industries Group HoldingK (KUW:NIND) Headlines

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