Quara Finance Co (SAU:9596) Debt-to-Equity : 0.75 (As of Mar. 2024)

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What is Quara Finance Co Debt-to-Equity?

Quara Finance Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼112.09 Mil. Quara Finance Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼190.03 Mil. Quara Finance Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼405.10 Mil. Quara Finance Co's debt to equity for the quarter that ended in Mar. 2024 was 0.75.

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

SAU:9596' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.75 Med: 0.75 Max: 0.75
Current: 0.75

During the past 0 years, the highest Debt-to-Equity Ratio of Quara Finance Co was 0.75. The lowest was 0.75. And the median was 0.75.

SAU:9596's Debt-to-Equity is ranked better than
59.64% of 441 companies
in the Credit Services industry
Industry Median: 1.1 vs SAU:9596: 0.75

Quara Finance Co Debt-to-Equity Historical Data

The historical data trend for Quara Finance 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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Quara Finance Co Debt-to-Equity Chart

Quara Finance Co Annual Data

Trend

Debt-to-Equity

Quara Finance Co Semi-Annual Data
	Mar23	Mar24
Debt-to-Equity	N/A	0.75

Competitive Comparison of Quara Finance Co's Debt-to-Equity

For the Credit Services subindustry, Quara Finance 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.

Quara Finance Co's Debt-to-Equity Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Quara Finance Co's Debt-to-Equity distribution charts can be found below:

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

Quara Finance Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Quara Finance 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

Quara Finance Co's Debt to Equity Ratio for the quarter that ended in Mar. 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
	=	(112.088	+	190.032)	/	405.095
	=	0.75

Quara Finance Co (SAU:9596) 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.

Quara Finance Co Debt-to-Equity Related Terms

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Quara Finance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Quara Finance Co (SAU:9596) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

8246, King Abdulaziz Road, Unit Number 15, Al – Wizarat District, Riyadh, SAU, 12622-3797

Website

https://www.quarafinance.com

Quara Finance Co is a company engaged in providing finance lease, consumer finance, and small and medium enterprise finance in the Kingdom of Saudi Arabia. The company's operations are in the Kingdom of Saudi Arabia and it provides financing to Saudi and resident individuals from government and private sectors and to SMEs. Its reportable segments are; Retail (Personal financing) segment which includes personal financing provided to retail clients; and the SME financing segment includes financing provided to small and medium enterprises. It generates a majority of its income from the Retail segment.

Quara Finance Co Headlines

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