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Rimon Consulting & Managing Services (XTAE:RMON) Debt-to-Equity : 0.65 (As of Dec. 2023)


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What is Rimon Consulting & Managing Services Debt-to-Equity?

Rimon Consulting & Managing Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪211.9 Mil. Rimon Consulting & Managing Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was ₪113.6 Mil. Rimon Consulting & Managing Services's Total Stockholders Equity for the quarter that ended in Dec. 2023 was ₪503.2 Mil. Rimon Consulting & Managing Services's debt to equity for the quarter that ended in Dec. 2023 was 0.65.

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 Rimon Consulting & Managing Services's Debt-to-Equity or its related term are showing as below:

XTAE:RMON' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.52   Med: 0.65   Max: 1.15
Current: 0.65

During the past 6 years, the highest Debt-to-Equity Ratio of Rimon Consulting & Managing Services was 1.15. The lowest was 0.52. And the median was 0.65.

XTAE:RMON's Debt-to-Equity is ranked worse than
63.62% of 1523 companies
in the Construction industry
Industry Median: 0.44 vs XTAE:RMON: 0.65

Rimon Consulting & Managing Services Debt-to-Equity Historical Data

The historical data trend for Rimon Consulting & Managing Services'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.

Rimon Consulting & Managing Services Debt-to-Equity Chart

Rimon Consulting & Managing Services Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial 1.09 1.15 0.52 0.55 0.65

Rimon Consulting & Managing Services Quarterly Data
Dec18 Dec19 Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.55 0.50 0.51 0.53 0.65

Competitive Comparison of Rimon Consulting & Managing Services's Debt-to-Equity

For the Engineering & Construction subindustry, Rimon Consulting & Managing Services'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.


Rimon Consulting & Managing Services's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Rimon Consulting & Managing Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Rimon Consulting & Managing Services's Debt-to-Equity falls into.



Rimon Consulting & Managing Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Rimon Consulting & Managing Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Rimon Consulting & Managing Services's Debt to Equity Ratio for the quarter that ended in Dec. 2023 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.


Rimon Consulting & Managing Services  (XTAE:RMON) 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.


Rimon Consulting & Managing Services Debt-to-Equity Related Terms

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


Rimon Consulting & Managing Services (XTAE:RMON) Business Description

Traded in Other Exchanges
N/A
Address
11 Bareket Street, Industrial Park, Caesarea, ISR, 3079543
Rimon Consulting & Managing Services Ltd is engaged in the construction and operation of infrastructure, energy, and water projects.

Rimon Consulting & Managing Services (XTAE:RMON) Headlines

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