Riyadh Steel Co (SAU:9588) Debt-to-Equity : 0.00 (As of Jun. 2024)

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What is Riyadh Steel Co Debt-to-Equity?

Riyadh Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.0 Mil. Riyadh Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.0 Mil. Riyadh Steel Co's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼77.5 Mil. Riyadh Steel Co's debt to equity for the quarter that ended in Jun. 2024 was 0.00.

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

SAU:9588' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.12 Med: 0.31 Max: 0.51
Current: 0.49

During the past 3 years, the highest Debt-to-Equity Ratio of Riyadh Steel Co was 0.51. The lowest was 0.12. And the median was 0.31.

SAU:9588's Debt-to-Equity is ranked worse than
54.69% of 554 companies
in the Steel industry
Industry Median: 0.44 vs SAU:9588: 0.49

Riyadh Steel Co Debt-to-Equity Historical Data

The historical data trend for Riyadh 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.

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Riyadh Steel Co Debt-to-Equity Chart

Riyadh Steel Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Equity

0.12

0.51

Riyadh Steel Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Equity	Get a 7-Day Free Trial			-	0.12	-	0.51	-

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

For the Steel subindustry, Riyadh 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.

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

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

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

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Riyadh Steel Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Riyadh 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
	=	(19.838	+	18.346)	/	74.933
	=	0.51

Riyadh Steel Co's Debt to Equity Ratio for the quarter that ended in Jun. 2024 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	+	0)	/	77.467
	=	0.00

Riyadh Steel Co (SAU:9588) 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.

Riyadh Steel Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Riyadh Steel Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Riyadh Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riyadh Steel Co (SAU:9588) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241

Website

https://www.riyadhsteel.com.sa

Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

Riyadh Steel Co Headlines

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