Saudi Kayan Petrochemical Co (SAU:2350) Debt-to-Equity : 0.76 (As of Sep. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Saudi Kayan Petrochemical Co Debt-to-Equity?

Saudi Kayan Petrochemical Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼3,573 Mil. Saudi Kayan Petrochemical Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼5,630 Mil. Saudi Kayan Petrochemical Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ﷼12,153 Mil. Saudi Kayan Petrochemical Co's debt to equity for the quarter that ended in Sep. 2024 was 0.76.

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

SAU:2350' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.65 Med: 1.27 Max: 2.16
Current: 0.76

During the past 13 years, the highest Debt-to-Equity Ratio of Saudi Kayan Petrochemical Co was 2.16. The lowest was 0.65. And the median was 1.27.

SAU:2350's Debt-to-Equity is ranked worse than
75.25% of 1398 companies
in the Chemicals industry
Industry Median: 0.36 vs SAU:2350: 0.76

Saudi Kayan Petrochemical Co Debt-to-Equity Historical Data

The historical data trend for Saudi Kayan Petrochemical 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.

Saudi Kayan Petrochemical Co Debt-to-Equity Chart

Saudi Kayan Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

1.24

1.22

0.81

0.65

0.77

Saudi Kayan Petrochemical 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															0.72	0.77	0.81	0.76	0.76

Competitive Comparison of Saudi Kayan Petrochemical Co's Debt-to-Equity

For the Chemicals subindustry, Saudi Kayan Petrochemical 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 Kayan Petrochemical Co's Debt-to-Equity Distribution in the Chemicals Industry

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

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

Saudi Kayan Petrochemical Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Saudi Kayan Petrochemical 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
	=	(3821.027	+	6349.346)	/	13284.076
	=	0.77

Saudi Kayan Petrochemical 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
	=	(3572.59	+	5630.257)	/	12153.21
	=	0.76

Saudi Kayan Petrochemical Co (SAU:2350) 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 Kayan Petrochemical Co Debt-to-Equity Related Terms

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

Saudi Kayan Petrochemical Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Saudi Kayan Petrochemical Co (SAU:2350) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Jubail Industrial City, P.O. Box 10302, Al-Jubail, SAU, 31961

Website

https://www.saudikayan.com

Saudi Kayan Petrochemical Co is engaged in manufacturing a wide range of petrochemicals products. Its product portfolio consists of polypropylene, propylene, acetone, polyethylene, ethoxylate, ethylene, ethylene glycol, bisphenol, ethanolamine, industrial fatty alcohol, polycarbonate and other petrochemical products. The Company generates revenue from the sale of petrochemical products.

Saudi Kayan Petrochemical Co Headlines

No Headlines