Bena Steel Industries Co (SAU:9563) Debt-to-Equity : 1.77 (As of Jun. 2023)

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What is Bena Steel Industries Co Debt-to-Equity?

Bena Steel Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼113.6 Mil. Bena Steel Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2023 was ﷼18.5 Mil. Bena Steel Industries Co's Total Stockholders Equity for the quarter that ended in Jun. 2023 was ﷼74.8 Mil. Bena Steel Industries Co's debt to equity for the quarter that ended in Jun. 2023 was 1.76.

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

SAU:9563' s Debt-to-Equity Range Over the Past 10 Years
Min: 1.77 Med: 1.77 Max: 1.77
Current: 1.77

During the past 0 years, the highest Debt-to-Equity Ratio of Bena Steel Industries Co was 1.77. The lowest was 1.77. And the median was 1.77.

SAU:9563's Debt-to-Equity is ranked worse than
90.96% of 553 companies
in the Steel industry
Industry Median: 0.43 vs SAU:9563: 1.77

Bena Steel Industries Co Debt-to-Equity Historical Data

The historical data trend for Bena Steel Industries 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.

Bena Steel Industries Co Debt-to-Equity Chart

Bena Steel Industries Co Annual Data

Trend

Debt-to-Equity

Bena Steel Industries Co Semi-Annual Data
	Jun22	Jun23
Debt-to-Equity	N/A	1.77

Competitive Comparison of Bena Steel Industries Co's Debt-to-Equity

For the Steel subindustry, Bena Steel Industries 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.

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

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

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

Bena Steel Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Bena Steel Industries Co's Debt to Equity Ratio for the fiscal year that ended in . 20 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
	=	(	+	)	/	N/A
	=	N/A

Bena Steel Industries Co's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(113.607	+	18.467)	/	74.847
	=	1.76

Bena Steel Industries Co (SAU:9563) 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.

Bena Steel Industries Co Debt-to-Equity Related Terms

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Bena Steel Industries Co (SAU:9563) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Bena Steel Industries Co (SAU:9563) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

4781 King Fahad Ibn Abdulaziz Road 34th Street, 1st Industrial City, Dammam, SAU, 32234-7789

Website

https://www.benasteel.com

Bena Steel Industries Co is a manufacturer of sheets, plates, tape rolls, rods, skewers, angles, wires, and clips of all shapes and sizes. It engages in the manufacturing of pipes and hollow shapes of iron and steel. In addition, it manufactures and installs prefabricated steel structures for refinery and refining units.

Bena Steel Industries Co (SAU:9563) Headlines

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