Muscat Thread MillsOG (MUS:MTMI) Debt-to-Equity : 0.27 (As of Dec. 2022)

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What is Muscat Thread MillsOG Debt-to-Equity?

Muscat Thread MillsOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ر.ع0.30 Mil. Muscat Thread MillsOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ر.ع0.19 Mil. Muscat Thread MillsOG's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ر.ع1.83 Mil. Muscat Thread MillsOG's debt to equity for the quarter that ended in Dec. 2022 was 0.27.

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 Muscat Thread MillsOG's Debt-to-Equity or its related term are showing as below:

MUS:MTMI' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.11 Med: 0.24 Max: 0.36
Current: 0.27

During the past 13 years, the highest Debt-to-Equity Ratio of Muscat Thread MillsOG was 0.36. The lowest was 0.11. And the median was 0.24.

MUS:MTMI's Debt-to-Equity is ranked better than
63.72% of 940 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.435 vs MUS:MTMI: 0.27

Muscat Thread MillsOG Debt-to-Equity Historical Data

The historical data trend for Muscat Thread MillsOG'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.

Muscat Thread MillsOG Debt-to-Equity Chart

Muscat Thread MillsOG Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec21

Dec22

Debt-to-Equity

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0.12

0.13

0.11

0.31

0.27

Muscat Thread MillsOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec21	Dec22
Debt-to-Equity	Get a 7-Day Free Trial									0.12	0.13	0.11	0.31	0.27

Competitive Comparison of Muscat Thread MillsOG's Debt-to-Equity

For the Textile Manufacturing subindustry, Muscat Thread MillsOG'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.

Muscat Thread MillsOG's Debt-to-Equity Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Muscat Thread MillsOG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Muscat Thread MillsOG's Debt-to-Equity falls into.

Muscat Thread MillsOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Muscat Thread MillsOG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(0.302	+	0.187)	/	1.83
	=	0.27

Muscat Thread MillsOG's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(0.302	+	0.187)	/	1.83
	=	0.27

Muscat Thread MillsOG (MUS:MTMI) 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.

Muscat Thread MillsOG Debt-to-Equity Related Terms

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Muscat Thread MillsOG (MUS:MTMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Muscat Thread Mills SAOG (MUS:MTMI) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Road No 18, P.O.Box 122, Rusayl, OMN, 124

Website

http://www.mtm.com.om

Muscat Thread Mills SAOG manufactures and markets sewing threads in the Sultanate of Oman. It offers apparel sewing, embroidery, fire-resistant, and water-soluble threads under the Boat and Silver Falcon brand names. The firm's revenue is mainly generated from exports. The company also markets its products to Bangladesh, Sri Lanka, India, Pakistan, the United Arab Emirates, Turkey, Jordan, Madagascar, Kenya, Egypt, Mauritius, Saudi Arabia, Indonesia, Qatar, and Kuwait.

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