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Neft Alsharq Co For Chemical Industries (SAU:9605) Debt-to-Equity : 0.09 (As of Jun. 2024)


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What is Neft Alsharq Co For Chemical Industries Debt-to-Equity?

Neft Alsharq Co For Chemical Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼0.88 Mil. Neft Alsharq Co For Chemical Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was ﷼3.27 Mil. Neft Alsharq Co For Chemical Industries's Total Stockholders Equity for the quarter that ended in Jun. 2024 was ﷼46.65 Mil. Neft Alsharq Co For Chemical Industries's debt to equity for the quarter that ended in Jun. 2024 was 0.09.

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 Neft Alsharq Co For Chemical Industries's Debt-to-Equity or its related term are showing as below:

SAU:9605' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.09   Max: 0.09
Current: 0.09

During the past 0 years, the highest Debt-to-Equity Ratio of Neft Alsharq Co For Chemical Industries was 0.09. The lowest was 0.09. And the median was 0.09.

SAU:9605's Debt-to-Equity is ranked better than
78.93% of 1400 companies
in the Chemicals industry
Industry Median: 0.36 vs SAU:9605: 0.09

Neft Alsharq Co For Chemical Industries Debt-to-Equity Historical Data

The historical data trend for Neft Alsharq Co For Chemical Industries'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.

Neft Alsharq Co For Chemical Industries Debt-to-Equity Chart

Neft Alsharq Co For Chemical Industries Annual Data
Trend
Debt-to-Equity

Neft Alsharq Co For Chemical Industries Semi-Annual Data
Jun23 Jun24
Debt-to-Equity N/A 0.09

Competitive Comparison of Neft Alsharq Co For Chemical Industries's Debt-to-Equity

For the Specialty Chemicals subindustry, Neft Alsharq Co For Chemical Industries'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.


Neft Alsharq Co For Chemical Industries's Debt-to-Equity Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Neft Alsharq Co For Chemical Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Neft Alsharq Co For Chemical Industries's Debt-to-Equity falls into.



Neft Alsharq Co For Chemical Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Neft Alsharq Co For Chemical Industries's Debt to Equity Ratio for the fiscal year that ended in . 20 is calculated as

Neft Alsharq Co For Chemical Industries's Debt to Equity Ratio for the quarter that ended in Jun. 2024 is calculated as

* 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.


Neft Alsharq Co For Chemical Industries  (SAU:9605) 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.


Neft Alsharq Co For Chemical Industries Debt-to-Equity Related Terms

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


Neft Alsharq Co For Chemical Industries Business Description

Traded in Other Exchanges
N/A
Address
Riyadh, Riyadh, SAU
Neft Alsharq Co For Chemical Industries is a Saudi company engaged in the manufacture and production of oils, industrial greases and motor fluids of all types and specifications.

Neft Alsharq Co For Chemical Industries Headlines

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