National Industrialization Co (SAU:2060) Debt-to-Equity : 0.67 (As of Sep. 2024)

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What is National Industrialization Co Debt-to-Equity?

National Industrialization Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼2,235 Mil. National Industrialization Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼4,244 Mil. National Industrialization Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ﷼9,705 Mil. National Industrialization Co's debt to equity for the quarter that ended in Sep. 2024 was 0.67.

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 Industrialization Co's Debt-to-Equity or its related term are showing as below:

SAU:2060' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.99 Max: 3.12
Current: 0.67

During the past 13 years, the highest Debt-to-Equity Ratio of National Industrialization Co was 3.12. The lowest was 0.02. And the median was 0.99.

SAU:2060's Debt-to-Equity is ranked worse than
70.46% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs SAU:2060: 0.67

National Industrialization Co Debt-to-Equity Historical Data

The historical data trend for National Industrialization Co'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.

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National Industrialization Co Debt-to-Equity Chart

National Industrialization Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.99

1.18

0.94

0.74

0.75

National Industrialization Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Debt-to-Equity	Get a 7-Day Free Trial															0.61	0.75	0.69	0.68	0.67

Competitive Comparison of National Industrialization Co's Debt-to-Equity

For the Chemicals subindustry, National Industrialization Co'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 Industrialization Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, National Industrialization Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Industrialization Co's Debt-to-Equity falls into.

National Industrialization Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Industrialization Co'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
	=	(2189.087	+	5054.456)	/	9649.519
	=	0.75

National Industrialization Co's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(2234.516	+	4244.092)	/	9704.578
	=	0.67

National Industrialization Co (SAU:2060) 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 Industrialization Co Debt-to-Equity Related Terms

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National Industrialization Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » National Industrialization Co (SAU:2060) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, P.O. Box 26707, The Business Gate, Building No. C3, Qurtuba Area, Riyadh, SAU, 11496

Website

https://www.tasnee.com

National Industrialization Co manufactures and sells petrochemical and chemical products. It produces ethylene, polyethylene, propylene and polypropylene, acrylics, titanium dioxide, dry and liquid vehicle batteries, plastic products, and acrylic sheets, and provides technical testing to equipment, and industrial, chemical, petrochemical, and metallurgical plants and water desalination and power generation plants. Its segment consists of Chemicals, Petrochemicals, Downstream, and Others. The company generates maximum revenue from the Petrochemicals segment.

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