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Al-Jouf Agriculture Development Co (SAU:6070) Debt-to-Equity : 0.33 (As of Sep. 2024)


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What is Al-Jouf Agriculture Development Co Debt-to-Equity?

Al-Jouf Agriculture Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼76.9 Mil. Al-Jouf Agriculture Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ﷼167.0 Mil. Al-Jouf Agriculture Development Co's Total Stockholders Equity for the quarter that ended in Sep. 2024 was ﷼748.2 Mil. Al-Jouf Agriculture Development Co's debt to equity for the quarter that ended in Sep. 2024 was 0.33.

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 Al-Jouf Agriculture Development Co's Debt-to-Equity or its related term are showing as below:

SAU:6070' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.36
Current: 0.33

During the past 13 years, the highest Debt-to-Equity Ratio of Al-Jouf Agriculture Development Co was 0.36. The lowest was 0.01. And the median was 0.02.

SAU:6070's Debt-to-Equity is ranked better than
55.17% of 1655 companies
in the Consumer Packaged Goods industry
Industry Median: 0.39 vs SAU:6070: 0.33

Al-Jouf Agriculture Development Co Debt-to-Equity Historical Data

The historical data trend for Al-Jouf Agriculture Development 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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Al-Jouf Agriculture Development Co Debt-to-Equity Chart

Al-Jouf Agriculture Development 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 0.02 0.02 0.01 0.17 0.35

Al-Jouf Agriculture Development 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 0.28 0.35 0.34 0.36 0.33

Competitive Comparison of Al-Jouf Agriculture Development Co's Debt-to-Equity

For the Farm Products subindustry, Al-Jouf Agriculture Development 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.


Al-Jouf Agriculture Development Co's Debt-to-Equity Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Al-Jouf Agriculture Development Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Al-Jouf Agriculture Development Co's Debt-to-Equity falls into.


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Al-Jouf Agriculture Development Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Al-Jouf Agriculture Development Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Al-Jouf Agriculture Development 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.


Al-Jouf Agriculture Development Co  (SAU:6070) 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.


Al-Jouf Agriculture Development Co Debt-to-Equity Related Terms

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Al-Jouf Agriculture Development Co Business Description

Traded in Other Exchanges
N/A
Address
Aljaouf Province, Buseta Center, P.O. Box 321, Sakakah, SAU
Al-Jouf Agriculture Development Co is engaged in the production and sale of agricultural products in Saudi Arabia. The company's products include corns, potatoes, forage and fodder crops, watermelons, wheat, onions, barley, and maize; olives and olive oil products; fruits, such as dates, plums, peaches, apricots, grapes, and pears; honey products; and vegetables, including tomatoes, peppers, squashes, cucumbers, and eggplants, as well as operates nurseries to produce seedlings of fruits and olive trees.

Al-Jouf Agriculture Development Co Headlines

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