Arabian Plastic Industrial Co (SAU:9548) Debt-to-Equity : 0.73 (As of Jun. 2024)

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What is Arabian Plastic Industrial Co Debt-to-Equity?

Arabian Plastic Industrial Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼72.1 Mil. Arabian Plastic Industrial Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼2.2 Mil. Arabian Plastic Industrial Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼101.3 Mil. Arabian Plastic Industrial Co's debt to equity for the quarter that ended in Jun. 2024 was 0.73.

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 Arabian Plastic Industrial Co's Debt-to-Equity or its related term are showing as below:

SAU:9548' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.42 Med: 0.63 Max: 0.79
Current: 0.73

During the past 4 years, the highest Debt-to-Equity Ratio of Arabian Plastic Industrial Co was 0.79. The lowest was 0.42. And the median was 0.63.

SAU:9548's Debt-to-Equity is ranked worse than
73.52% of 1401 companies
in the Chemicals industry
Industry Median: 0.36 vs SAU:9548: 0.73

Arabian Plastic Industrial Co Debt-to-Equity Historical Data

The historical data trend for Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co Debt-to-Equity Chart

Arabian Plastic Industrial Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

0.79

0.73

0.44

0.60

Arabian Plastic Industrial Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			0.63	0.44	0.42	0.60	0.73

Competitive Comparison of Arabian Plastic Industrial Co's Debt-to-Equity

For the Specialty Chemicals subindustry, Arabian Plastic Industrial 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.

Arabian Plastic Industrial Co's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Arabian Plastic Industrial Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Arabian Plastic Industrial Co's Debt-to-Equity falls into.

Arabian Plastic Industrial Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Arabian Plastic Industrial 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
	=	(56.104	+	1.469)	/	95.989
	=	0.60

Arabian Plastic Industrial 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
	=	(72.09	+	2.182)	/	101.292
	=	0.73

Arabian Plastic Industrial Co (SAU:9548) 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.

Arabian Plastic Industrial Co Debt-to-Equity Related Terms

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Arabian Plastic Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street 45, Phase 3, Industrial City 1, Jeddah, SAU

Website

https://www.apico.com.sa

Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

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