Lumi Rental Co (SAU:4262) Debt-to-Equity : 1.60 (As of Mar. 2024)

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What is Lumi Rental Co Debt-to-Equity?

Lumi Rental Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼588.5 Mil. Lumi Rental Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼1,131.5 Mil. Lumi Rental Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,072.3 Mil. Lumi Rental Co's debt to equity for the quarter that ended in Mar. 2024 was 1.60.

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

SAU:4262' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.67 Med: 1.24 Max: 1.6
Current: 1.6

During the past 2 years, the highest Debt-to-Equity Ratio of Lumi Rental Co was 1.60. The lowest was 0.67. And the median was 1.24.

SAU:4262's Debt-to-Equity is ranked worse than
83.46% of 919 companies
in the Business Services industry
Industry Median: 0.38 vs SAU:4262: 1.60

Lumi Rental Co Debt-to-Equity Historical Data

The historical data trend for Lumi Rental 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.

Lumi Rental Co Debt-to-Equity Chart

Lumi Rental Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.67

1.40

Lumi Rental Co Quarterly Data
	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial			0.67	N/A	1.07	1.40	1.60

Competitive Comparison of Lumi Rental Co's Debt-to-Equity

For the Rental & Leasing Services subindustry, Lumi Rental 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.

Lumi Rental Co's Debt-to-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lumi Rental Co's Debt-to-Equity distribution charts can be found below:

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

Lumi Rental Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Lumi Rental 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
	=	(446.465	+	988.702)	/	1025.323
	=	1.40

Lumi Rental Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(588.485	+	1131.507)	/	1072.262
	=	1.60

Lumi Rental Co (SAU:4262) 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.

Lumi Rental Co Debt-to-Equity Related Terms

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Lumi Rental Co (SAU:4262) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lumi Rental Co (SAU:4262) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin, P.O. Box 6477, Muhammad Street, Al-Taawun District, Riyadh, SAU, 12476

Website

https://www.lumirental.com

Lumi Rental Co is a Car rental company which offers lease services to corporate and Government sector clients, provides rentals through a network of Thirty airport and city branches across the Kingdom and via digital channels, and sells used vehicles reaching the end of their useful life. The company has two reportable segments which are Leasing includes Providing vehicles on long term leases to corporate and government customers . Rental includes Providing vehicles on daily, weekly, monthly rentals to walking and corporate customers.

Lumi Rental Co (SAU:4262) Headlines

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