Natural Gas Distribution Co (SAU:9516) Debt-to-Equity : 0.15 (As of Dec. 2023)

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What is Natural Gas Distribution Co Debt-to-Equity?

Natural Gas Distribution Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼5.63 Mil. Natural Gas Distribution Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼3.07 Mil. Natural Gas Distribution Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼58.10 Mil. Natural Gas Distribution Co's debt to equity for the quarter that ended in Dec. 2023 was 0.15.

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 Natural Gas Distribution Co's Debt-to-Equity or its related term are showing as below:

SAU:9516' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.15 Med: 0.15 Max: 0.22
Current: 0.15

During the past 3 years, the highest Debt-to-Equity Ratio of Natural Gas Distribution Co was 0.22. The lowest was 0.15. And the median was 0.15.

SAU:9516's Debt-to-Equity is ranked better than
85.74% of 484 companies
in the Utilities - Regulated industry
Industry Median: 0.86 vs SAU:9516: 0.15

Natural Gas Distribution Co Debt-to-Equity Historical Data

The historical data trend for Natural Gas Distribution 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.

Natural Gas Distribution Co Debt-to-Equity Chart

Natural Gas Distribution Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.22

0.15

Natural Gas Distribution Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial			0.22	0.20	0.15	0.16	0.15

Competitive Comparison of Natural Gas Distribution Co's Debt-to-Equity

For the Utilities - Regulated Gas subindustry, Natural Gas Distribution 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.

Natural Gas Distribution Co's Debt-to-Equity Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Natural Gas Distribution Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Natural Gas Distribution Co's Debt-to-Equity falls into.

Natural Gas Distribution Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Natural Gas Distribution 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
	=	(5.63	+	3.07)	/	58.097
	=	0.15

Natural Gas Distribution Co's Debt to Equity Ratio for the quarter 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
	=	(5.63	+	3.07)	/	58.097
	=	0.15

Natural Gas Distribution Co (SAU:9516) 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.

Natural Gas Distribution Co Debt-to-Equity Related Terms

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Natural Gas Distribution Co (SAU:9516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

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