Filing & Packing Materials Manufacturing Co. (SAU:2180) Debt-to-Equity : 0.41 (As of Dec. 2023)

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What is Filing & Packing Materials Manufacturing Co. Debt-to-Equity?

Filing & Packing Materials Manufacturing Co.'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼17.1 Mil. Filing & Packing Materials Manufacturing Co.'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼42.5 Mil. Filing & Packing Materials Manufacturing Co.'s Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼143.7 Mil. Filing & Packing Materials Manufacturing Co.'s debt to equity for the quarter that ended in Dec. 2023 was 0.41.

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 Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity or its related term are showing as below:

SAU:2180' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.02 Med: 0.41 Max: 0.91
Current: 0.41

During the past 13 years, the highest Debt-to-Equity Ratio of Filing & Packing Materials Manufacturing Co. was 0.91. The lowest was 0.02. And the median was 0.41.

SAU:2180's Debt-to-Equity is ranked better than
52.46% of 345 companies
in the Packaging & Containers industry
Industry Median: 0.45 vs SAU:2180: 0.41

Filing & Packing Materials Manufacturing Co. Debt-to-Equity Historical Data

The historical data trend for Filing & Packing Materials Manufacturing 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.

* Premium members only.

Filing & Packing Materials Manufacturing Co. Debt-to-Equity Chart

Filing & Packing Materials Manufacturing Co. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.65

0.91

0.89

0.58

0.41

Filing & Packing Materials Manufacturing Co. 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															0.58	0.70	0.66	0.54	0.41

Competitive Comparison of Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity

For the Packaging & Containers subindustry, Filing & Packing Materials Manufacturing 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.

Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity falls into.

Filing & Packing Materials Manufacturing Co. Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Filing & Packing Materials Manufacturing 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
	=	(17.078	+	42.469)	/	143.702
	=	0.41

Filing & Packing Materials Manufacturing Co.'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
	=	(17.078	+	42.469)	/	143.702
	=	0.41

Filing & Packing Materials Manufacturing Co. (SAU:2180) 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.

Filing & Packing Materials Manufacturing Co. Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Filing & Packing Materials Manufacturing Co.'s Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Filing & Packing Materials Manufacturing Co. (SAU:2180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Filing & Packing Materials Manufacturing Co. (SAU:2180) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial City, Phase 3, 38, P.O. Box 7306, Riyadh, SAU, 14335

Website

https://www.fipco.com.sa

Filing & Packing Materials Manufacturing Co produces polypropylene bags with coated and uncoated low-density polyethylene for heavy duty purposes as well as cable filler, Valve Cement bags, Leno bags, Rachel bags, Strapping bands, and Serving thread. Its products include Jumbo Bags, Small Bags, Fabrics, etc.

Filing & Packing Materials Manufacturing Co. (SAU:2180) Headlines

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