Molan Steel Co (SAU:9553) Debt-to-Equity : 0.66 (As of Dec. 2023)

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What is Molan Steel Co Debt-to-Equity?

Molan Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼17.82 Mil. Molan Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.96 Mil. Molan Steel Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼30.08 Mil. Molan Steel Co's debt to equity for the quarter that ended in Dec. 2023 was 0.66.

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

SAU:9553' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.26 Med: 0.39 Max: 0.66
Current: 0.66

During the past 3 years, the highest Debt-to-Equity Ratio of Molan Steel Co was 0.66. The lowest was 0.26. And the median was 0.39.

SAU:9553's Debt-to-Equity is ranked worse than
65.82% of 553 companies
in the Steel industry
Industry Median: 0.43 vs SAU:9553: 0.66

Molan Steel Co Debt-to-Equity Historical Data

The historical data trend for Molan 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.

Molan Steel Co Debt-to-Equity Chart

Molan Steel Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.26

0.39

0.66

Molan Steel Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Equity	0.26	N/A	0.39	0.55	0.66

Competitive Comparison of Molan Steel Co's Debt-to-Equity

For the Steel subindustry, Molan 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.

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

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

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

Molan Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Molan 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
	=	(17.822	+	1.958)	/	30.081
	=	0.66

Molan Steel 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
	=	(17.822	+	1.958)	/	30.081
	=	0.66

Molan Steel Co (SAU:9553) 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.

Molan Steel Co Debt-to-Equity Related Terms

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Molan Steel Co (SAU:9553) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Molan Steel Co (SAU:9553) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road Exit No 16, Palladium Center Complex PO Box 7090, AlFarouq District, Riyadh, SAU, 14323

Website

https://molansteel.com

Molan Steel Co is engaged in supply and sale of iron products represented in iron tins of all kinds, iron bridges of all kinds, and iron angles.

Molan Steel Co (SAU:9553) Headlines

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