Saudi Arabian Amiantit Co (SAU:2160) Debt-to-Equity : 0.29 (As of Sep. 2024)

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What is Saudi Arabian Amiantit Co Debt-to-Equity?

Saudi Arabian Amiantit Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼267.2 Mil. Saudi Arabian Amiantit Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼3.8 Mil. Saudi Arabian Amiantit Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ﷼938.5 Mil. Saudi Arabian Amiantit Co's debt to equity for the quarter that ended in Sep. 2024 was 0.29.

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

SAU:2160' s Debt-to-Equity Range Over the Past 10 Years
Min: -87.4 Med: 1.96 Max: 13.91
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Saudi Arabian Amiantit Co was 13.91. The lowest was -87.40. And the median was 1.96.

SAU:2160's Debt-to-Equity is ranked better than
60.96% of 1555 companies
in the Construction industry
Industry Median: 0.43 vs SAU:2160: 0.29

Saudi Arabian Amiantit Co Debt-to-Equity Historical Data

The historical data trend for Saudi Arabian Amiantit 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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Saudi Arabian Amiantit Co Debt-to-Equity Chart

Saudi Arabian Amiantit Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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3.60

2.20

3.48

3.40

6.86

Saudi Arabian Amiantit 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															5.57	6.86	0.32	0.32	0.29

Competitive Comparison of Saudi Arabian Amiantit Co's Debt-to-Equity

For the Building Products & Equipment subindustry, Saudi Arabian Amiantit 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.

Saudi Arabian Amiantit Co's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Saudi Arabian Amiantit Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Saudi Arabian Amiantit Co's Debt-to-Equity falls into.

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Saudi Arabian Amiantit Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Arabian Amiantit 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
	=	(1146.932	+	4.168)	/	167.777
	=	6.86

Saudi Arabian Amiantit 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
	=	(267.21	+	3.793)	/	938.521
	=	0.29

Saudi Arabian Amiantit Co (SAU:2160) 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.

Saudi Arabian Amiantit Co Debt-to-Equity Related Terms

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Saudi Arabian Amiantit Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Saudi Arabian Amiantit Co (SAU:2160) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial Area No.1, Building No. 101, Dammam, SAU, 32234

Website

https://www.amiantit.com

Saudi Arabian Amiantit Co is engaged in the operation of pipes and its related products. It serves two market segments; Pipe manufacturing and technology and Water management. The group's core business activities comprise of manufacturing of various pipe systems, developing and licensing of related pipe technologies and offering water solutions, a provider of water management consultancy and engineering operations. Geographically the business of the firm is expanded across Saudi Arabia, Europe and in other regions. It derives maximum revenue from Saudi Arabia.

Saudi Arabian Amiantit Co Headlines

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