Aluworks (XGHA:ALW) Debt-to-Equity : -8.65 (As of Dec. 2020)

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What is Aluworks Debt-to-Equity?

Aluworks's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was GHS127.05 Mil. Aluworks's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2020 was GHS0.00 Mil. Aluworks's Total Stockholders Equity for the quarter that ended in Dec. 2020 was GHS-14.68 Mil. Aluworks's debt to equity for the quarter that ended in Dec. 2020 was -8.65.

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 Aluworks's Debt-to-Equity or its related term are showing as below:

XGHA:ALW's Debt-to-Equity is not ranked ^*
in the Metals & Mining industry.
Industry Median: 0.13
* Ranked among companies with meaningful Debt-to-Equity only.

Aluworks Debt-to-Equity Historical Data

The historical data trend for Aluworks'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.

Aluworks Debt-to-Equity Chart

Aluworks Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Debt-to-Equity

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0.87

1.44

1.16

5.20

-8.65

Aluworks Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
Debt-to-Equity	Get a 7-Day Free Trial			0.87	1.44	1.16	5.20	-8.65

Competitive Comparison of Aluworks's Debt-to-Equity

For the Aluminum subindustry, Aluworks'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.

Aluworks's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Aluworks's Debt-to-Equity distribution charts can be found below:

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

Aluworks Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Aluworks's Debt to Equity Ratio for the fiscal year that ended in Dec. 2020 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
	=	(127.053	+	0)	/	-14.683
	=	-8.65

Aluworks's Debt to Equity Ratio for the quarter that ended in Dec. 2020 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
	=	(127.053	+	0)	/	-14.683
	=	-8.65

Aluworks (XGHA:ALW) 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.

Aluworks Debt-to-Equity Related Terms

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

Aluworks (XGHA:ALW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Aluworks Ltd (XGHA:ALW) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plot No. 63/1, Heavy Industrial Area, P. O. Box CO 914, Greater Accra, Tema, GHA

Website

https://www.aluworks.com

Aluworks Ltd is engaged in continuous casting and cold rolling of aluminum products. The company manufactures aluminum coils, circles, corrugated sheets, and flat sheets. It acts as a supplier of aluminum coils, discs, flat sheets and sheet-in-coil as raw materials for many small and medium-scale factories manufacturing aluminum household cooking utensils, corrugated roofing sheets, and general fabrication. The company generates the majority of its revenue from Ghana.

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