Atlas Elevators General Trading and Contracting Co (SAU:9578) Debt-to-Equity : 0.14 (As of Dec. 2022)

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What is Atlas Elevators General Trading and Contracting Co Debt-to-Equity?

Atlas Elevators General Trading and Contracting Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼5.42 Mil. Atlas Elevators General Trading and Contracting Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼3.57 Mil. Atlas Elevators General Trading and Contracting Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ﷼63.01 Mil. Atlas Elevators General Trading and Contracting Co's debt to equity for the quarter that ended in Dec. 2022 was 0.14.

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 Atlas Elevators General Trading and Contracting Co's Debt-to-Equity or its related term are showing as below:

SAU:9578' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.05 Med: 0.1 Max: 0.14
Current: 0.05

During the past 2 years, the highest Debt-to-Equity Ratio of Atlas Elevators General Trading and Contracting Co was 0.14. The lowest was 0.05. And the median was 0.10.

SAU:9578's Debt-to-Equity is ranked better than
91.85% of 135 companies
in the Industrial Distribution industry
Industry Median: 0.5 vs SAU:9578: 0.05

Atlas Elevators General Trading and Contracting Co Debt-to-Equity Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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.

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Atlas Elevators General Trading and Contracting Co Debt-to-Equity Chart

Atlas Elevators General Trading and Contracting Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.14

0.05

Atlas Elevators General Trading and Contracting Co Quarterly Data
	Dec22	Dec23
Debt-to-Equity	0.14	0.05

Competitive Comparison of Atlas Elevators General Trading and Contracting Co's Debt-to-Equity

For the Industrial Distribution subindustry, Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co's Debt-to-Equity Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Atlas Elevators General Trading and Contracting Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Atlas Elevators General Trading and Contracting Co's Debt-to-Equity falls into.

Atlas Elevators General Trading and Contracting Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Atlas Elevators General Trading and Contracting 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
	=	(2.103	+	2.759)	/	92.414
	=	0.05

Atlas Elevators General Trading and Contracting Co's Debt to Equity Ratio for the quarter that ended in Dec. 2022 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
	=	(5.422	+	3.565)	/	63.013
	=	0.14

Atlas Elevators General Trading and Contracting Co (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co Debt-to-Equity Related Terms

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Atlas Elevators General Trading and Contracting Co (SAU:9578) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU

Website

https://www.atlaslifts-sa.net

Atlas Elevators General Trading and Contracting Co Formerly Atlas Elevators Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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