Clean Life Co (SAU:9581) Debt-to-Equity : 0.10 (As of Dec. 2023)

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What is Clean Life Co Debt-to-Equity?

Clean Life Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼0.62 Mil. Clean Life Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ﷼1.38 Mil. Clean Life Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ﷼20.56 Mil. Clean Life Co's debt to equity for the quarter that ended in Dec. 2023 was 0.10.

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

SAU:9581' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.1 Med: 0.13 Max: 0.26
Current: 0.1

During the past 3 years, the highest Debt-to-Equity Ratio of Clean Life Co was 0.26. The lowest was 0.10. And the median was 0.13.

SAU:9581's Debt-to-Equity is ranked better than
82.56% of 86 companies
in the Personal Services industry
Industry Median: 0.7 vs SAU:9581: 0.10

Clean Life Co Debt-to-Equity Historical Data

The historical data trend for Clean Life 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.

Clean Life Co Debt-to-Equity Chart

Clean Life Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.26

0.13

0.10

Clean Life Co Semi-Annual Data
	Dec21	Dec22	Dec23
Debt-to-Equity	0.26	0.13	0.10

Competitive Comparison of Clean Life Co's Debt-to-Equity

For the Personal Services subindustry, Clean Life 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.

Clean Life Co's Debt-to-Equity Distribution in the Personal Services Industry

For the Personal Services industry and Consumer Cyclical sector, Clean Life Co's Debt-to-Equity distribution charts can be found below:

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

Clean Life Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Clean Life 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
	=	(0.624	+	1.38)	/	20.555
	=	0.10

Clean Life 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
	=	(0.624	+	1.38)	/	20.555
	=	0.10

Clean Life Co (SAU:9581) 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.

Clean Life Co Debt-to-Equity Related Terms

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Clean Life Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Clean Life Co (SAU:9581) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khurais road, Almanar district, Riyadh, SAU

Website

https://www.cleanlife.sa

Clean Life Co is a company specialized in providing cleaning services and deep cleaning of home furniture, and general rehabilitative hygiene for new homes in all regions of Saudi Arabia.

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