Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Debt-to-Equity : 1.38 (As of Dec. 2023)

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What is Al Maha Petroleum Products Marketing CoOG Debt-to-Equity?

Al Maha Petroleum Products Marketing CoOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع60.2 Mil. Al Maha Petroleum Products Marketing CoOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ر.ع6.2 Mil. Al Maha Petroleum Products Marketing CoOG's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ر.ع48.0 Mil. Al Maha Petroleum Products Marketing CoOG's debt to equity for the quarter that ended in Dec. 2023 was 1.38.

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 Maha Petroleum Products Marketing CoOG's Debt-to-Equity or its related term are showing as below:

MUS:MHAS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.95 Max: 1.38
Current: 1.38

During the past 13 years, the highest Debt-to-Equity Ratio of Al Maha Petroleum Products Marketing CoOG was 1.38. The lowest was 0.30. And the median was 0.95.

MUS:MHAS's Debt-to-Equity is ranked worse than
82.17% of 830 companies
in the Oil & Gas industry
Industry Median: 0.45 vs MUS:MHAS: 1.38

Al Maha Petroleum Products Marketing CoOG Debt-to-Equity Historical Data

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG Debt-to-Equity Chart

Al Maha Petroleum Products Marketing CoOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.30

1.19

1.05

1.38

Al Maha Petroleum Products Marketing CoOG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															1.05	1.75	1.33	1.72	1.38

Competitive Comparison of Al Maha Petroleum Products Marketing CoOG's Debt-to-Equity

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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 Maha Petroleum Products Marketing CoOG's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Debt-to-Equity falls into.

Al Maha Petroleum Products Marketing CoOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al Maha Petroleum Products Marketing CoOG'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
	=	(60.218	+	6.152)	/	47.976
	=	1.38

Al Maha Petroleum Products Marketing CoOG's Debt to Equity Ratio for the quarter 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
	=	(60.218	+	6.152)	/	47.976
	=	1.38

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) 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 Maha Petroleum Products Marketing CoOG Debt-to-Equity Related Terms

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Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Al Maha Petroleum Products Marketing Co SAOG (MUS:MHAS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116

Website

https://www.almaha.com.om

Al Maha Petroleum Products Marketing Co SAOG markets and distributes petroleum products. It supplies fuel and petroleum-based products to retail, industrial, and aviation markets and offers environment-friendly oil and lubricants through its service stations. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, and Other sales. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.

Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Headlines

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