Al Soor Fuel Marketing Co KSC (KUW:SOOR) Debt-to-Equity : 0.07 (As of Mar. 2024)

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What is Al Soor Fuel Marketing Co KSC Debt-to-Equity?

Al Soor Fuel Marketing Co KSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD0.0 Mil. Al Soor Fuel Marketing Co KSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was KWD5.6 Mil. Al Soor Fuel Marketing Co KSC's Total Stockholders Equity for the quarter that ended in Mar. 2024 was KWD75.4 Mil. Al Soor Fuel Marketing Co KSC's debt to equity for the quarter that ended in Mar. 2024 was 0.07.

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 Al Soor Fuel Marketing Co KSC's Debt-to-Equity or its related term are showing as below:

KUW:SOOR' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.07 Max: 0.27
Current: 0.07

During the past 13 years, the highest Debt-to-Equity Ratio of Al Soor Fuel Marketing Co KSC was 0.27. The lowest was 0.02. And the median was 0.07.

KUW:SOOR's Debt-to-Equity is ranked better than
87.11% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs KUW:SOOR: 0.07

Al Soor Fuel Marketing Co KSC Debt-to-Equity Historical Data

The historical data trend for Al Soor Fuel Marketing Co KSC'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.

Al Soor Fuel Marketing Co KSC Debt-to-Equity Chart

Al Soor Fuel Marketing Co KSC Annual Data

Trend

Dec13

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.09

0.11

Al Soor Fuel Marketing Co KSC 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															-	-	-	0.11	0.07

Competitive Comparison of Al Soor Fuel Marketing Co KSC's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Al Soor Fuel Marketing Co KSC'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.

Al Soor Fuel Marketing Co KSC's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Soor Fuel Marketing Co KSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Soor Fuel Marketing Co KSC's Debt-to-Equity falls into.

Al Soor Fuel Marketing Co KSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Soor Fuel Marketing Co KSC'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
	=	(2.482	+	5.027)	/	70.747
	=	0.11

Al Soor Fuel Marketing Co KSC'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
	=	(0	+	5.585)	/	75.442
	=	0.07

Al Soor Fuel Marketing Co KSC (KUW:SOOR) 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.

Al Soor Fuel Marketing Co KSC Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Al Soor Fuel Marketing Co KSC's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Soor Fuel Marketing Co KSC (KUW:SOOR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Soor Fuel Marketing Co KSC (KUW:SOOR) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

AlMirqab - Block 3 - Omar bin Al-Khattab Street, P.O. Box 28396, KBT Tower, 14th Floor, Kuwait, KWT, 13144

Website

http://www.soor.com.kw

Al Soor Fuel Marketing Co KSC is engaged in the acquisition, construction, leasing, operation, and maintenance of petrol filling stations. It also constructs, develops, operates, and maintains customer services center at petrol stations. The customer services centers operated by the company provide all services related to cars and vehicles such as oil changes, car wash, maintenance services, repair and technical testing of vehicles, and supermarket services. Its operating segments are Fuel marketing and other related services and Investment operations. The majority of its revenue derives from Fuel marketing and other associated services.

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