United Mining Industries Co (SAU:9583) Debt-to-Equity : 0.85 (As of Dec. 2022)

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What is United Mining Industries Co Debt-to-Equity?

United Mining Industries Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼117.3 Mil. United Mining Industries Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2022 was ﷼22.7 Mil. United Mining Industries Co's Total Stockholders Equity for the quarter that ended in Dec. 2022 was ﷼165.4 Mil. United Mining Industries Co's debt to equity for the quarter that ended in Dec. 2022 was 0.85.

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

SAU:9583' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.62 Med: 0.73 Max: 0.85
Current: 0.62

During the past 2 years, the highest Debt-to-Equity Ratio of United Mining Industries Co was 0.85. The lowest was 0.62. And the median was 0.73.

SAU:9583's Debt-to-Equity is ranked worse than
70.31% of 357 companies
in the Building Materials industry
Industry Median: 0.38 vs SAU:9583: 0.62

United Mining Industries Co Debt-to-Equity Historical Data

The historical data trend for United Mining 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.

United Mining Industries Co Debt-to-Equity Chart

United Mining Industries Co Annual Data

Trend

Dec22

Dec23

Debt-to-Equity

0.85

0.62

United Mining Industries Co Quarterly Data
	Dec22	Dec23
Debt-to-Equity	0.85	0.62

Competitive Comparison of United Mining Industries Co's Debt-to-Equity

For the Building Materials subindustry, United Mining 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.

United Mining Industries Co's Debt-to-Equity Distribution in the Building Materials Industry

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

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

United Mining Industries Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

United Mining Industries 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
	=	(76.702	+	37.285)	/	183.026
	=	0.62

United Mining Industries 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
	=	(117.308	+	22.667)	/	165.411
	=	0.85

United Mining Industries Co (SAU:9583) 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.

United Mining Industries Co Debt-to-Equity Related Terms

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United Mining Industries Co (SAU:9583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Mining Industries Co (SAU:9583) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Madinah Al Munawarah Street, Salamah District, Salamah Tower, Floor No. 4, Office No. 403, Jeddah, SAU, 23525

Website

https://www.ugc.com.sa

United Mining Industries Co is a company involved in construction and building industry. It is one of the companies in the field of manufacturing gypsum and cement building materials and products in the Kingdom of Saudi Arabia. It offers products such as Gypsum Board, Fiber Cement Board Ceiling tiles and Gypsum Powder. The company has three business segments: Fiber cement board, Gypsum board Others. It earns majority of its revenue from Gypsum Board Segment.

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