Watani Iron Steel Co (SAU:9513) Debt-to-Equity : 0.28 (As of Jun. 2024)

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What is Watani Iron Steel Co Debt-to-Equity?

Watani Iron Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼69.3 Mil. Watani Iron Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.0 Mil. Watani Iron Steel Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼245.9 Mil. Watani Iron Steel Co's debt to equity for the quarter that ended in Jun. 2024 was 0.28.

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 Watani Iron Steel Co's Debt-to-Equity or its related term are showing as below:

SAU:9513' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.28 Med: 0.48 Max: 1.23
Current: 0.28

During the past 4 years, the highest Debt-to-Equity Ratio of Watani Iron Steel Co was 1.23. The lowest was 0.28. And the median was 0.48.

SAU:9513's Debt-to-Equity is ranked better than
64.56% of 553 companies
in the Steel industry
Industry Median: 0.43 vs SAU:9513: 0.28

Watani Iron Steel Co Debt-to-Equity Historical Data

The historical data trend for Watani Iron Steel 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.

Watani Iron Steel Co Debt-to-Equity Chart

Watani Iron Steel Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

1.23

0.65

0.32

0.38

Watani Iron Steel Co Semi-Annual Data
	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial				0.59	0.32	0.34	0.38	0.28

Competitive Comparison of Watani Iron Steel Co's Debt-to-Equity

For the Steel subindustry, Watani Iron Steel 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.

Watani Iron Steel Co's Debt-to-Equity Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Watani Iron Steel Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Watani Iron Steel Co's Debt-to-Equity falls into.

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Watani Iron Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Watani Iron Steel 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
	=	(91.157	+	0)	/	242.439
	=	0.38

Watani Iron Steel Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(69.322	+	0)	/	245.85
	=	0.28

Watani Iron Steel Co (SAU:9513) 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.

Watani Iron Steel Co Debt-to-Equity Related Terms

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Watani Iron Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Watani Iron Steel Co (SAU:9513) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

New Al-Kharj Road, New Industrial City, Heet District, Riyadh, SAU

Website

http://www.wataniasteel.com

Watani Iron Steel Co is engaged in the manufacture of primary iron products in the form of blocks of substrates and waste after being melted, as well as the manufacture of sheet plates, strip coils, bar bars, wire corners, and clips of all shapes.

Watani Iron Steel Co Headlines

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