Renaissance ServicesOG (MUS:RNSS) Debt-to-Equity : 0.87 (As of Mar. 2024)

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What is Renaissance ServicesOG Debt-to-Equity?

Renaissance ServicesOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع9.1 Mil. Renaissance ServicesOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ر.ع58.9 Mil. Renaissance ServicesOG's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ر.ع78.3 Mil. Renaissance ServicesOG's debt to equity for the quarter that ended in Mar. 2024 was 0.87.

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 Renaissance ServicesOG's Debt-to-Equity or its related term are showing as below:

MUS:RNSS' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.8 Med: 1.7 Max: 4.16
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Renaissance ServicesOG was 4.16. The lowest was 0.80. And the median was 1.70.

MUS:RNSS's Debt-to-Equity is ranked worse than
70.59% of 918 companies
in the Business Services industry
Industry Median: 0.37 vs MUS:RNSS: 0.87

Renaissance ServicesOG Debt-to-Equity Historical Data

The historical data trend for Renaissance ServicesOG'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.

Renaissance ServicesOG Debt-to-Equity Chart

Renaissance ServicesOG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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1.53

1.33

1.35

1.02

0.85

Renaissance ServicesOG 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															0.98	0.96	0.91	0.85	0.87

Competitive Comparison of Renaissance ServicesOG's Debt-to-Equity

For the Specialty Business Services subindustry, Renaissance ServicesOG'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.

Renaissance ServicesOG's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Renaissance ServicesOG's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Renaissance ServicesOG's Debt-to-Equity falls into.

Renaissance ServicesOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Renaissance ServicesOG'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
	=	(8.675	+	61.728)	/	82.526
	=	0.85

Renaissance ServicesOG'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
	=	(9.121	+	58.937)	/	78.279
	=	0.87

Renaissance ServicesOG (MUS:RNSS) 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.

Renaissance ServicesOG Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Renaissance ServicesOG's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Renaissance ServicesOG (MUS:RNSS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Renaissance Services SAOG (MUS:RNSS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Renaissance House, P.O. Box 1676, Muttrah, OMN, 114

Website

https://www.renaissanceservices.com

Renaissance Services SAOG provides vessel chartering, contract, accommodation, and integrated facilities management services to the oil and gas industry. Its segments include contract services which consist of contract services, accommodation solutions, and integrated facilities management (IFM) services. Geographically, it derives most of its revenue from Oman.

Renaissance ServicesOG (MUS:RNSS) Headlines

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