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


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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 Premium Member Only Premium Member Only 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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

Saudi Kayan Petrochemical Co's Debt to Equity Ratio for the quarter that ended in Sep. 2024 is calculated as

* 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.


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

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Saudi Kayan Petrochemical Co Business Description

Traded in Other Exchanges
N/A
Address
Al Jubail Industrial City, P.O. Box 10302, Al-Jubail, SAU, 31961
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

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