National for Tourism Hotels (ADX:NCTH) Debt-to-Equity : 0.17 (As of Dec. 2023)

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What is National for Tourism Hotels Debt-to-Equity?

National for Tourism Hotels's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ35.7 Mil. National for Tourism Hotels's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was د.إ351.0 Mil. National for Tourism Hotels's Total Stockholders Equity for the quarter that ended in Dec. 2023 was د.إ2,252.8 Mil. National for Tourism Hotels's debt to equity for the quarter that ended in Dec. 2023 was 0.17.

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 National for Tourism Hotels's Debt-to-Equity or its related term are showing as below:

ADX:NCTH' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.14 Med: 0.17 Max: 0.44
Current: 0.17

During the past 13 years, the highest Debt-to-Equity Ratio of National for Tourism Hotels was 0.44. The lowest was 0.14. And the median was 0.17.

ADX:NCTH's Debt-to-Equity is ranked better than
75.04% of 693 companies
in the Travel & Leisure industry
Industry Median: 0.46 vs ADX:NCTH: 0.17

National for Tourism Hotels Debt-to-Equity Historical Data

The historical data trend for National for Tourism Hotels'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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National for Tourism Hotels Debt-to-Equity Chart

National for Tourism Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.14

0.16

0.18

0.17

National for Tourism Hotels Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Equity	Get a 7-Day Free Trial													0.14	0.14	0.16	0.18	0.17

Competitive Comparison of National for Tourism Hotels's Debt-to-Equity

For the Lodging subindustry, National for Tourism Hotels'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.

National for Tourism Hotels's Debt-to-Equity Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, National for Tourism Hotels's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National for Tourism Hotels's Debt-to-Equity falls into.

National for Tourism Hotels Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National for Tourism Hotels'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
	=	(35.741	+	351.004)	/	2252.844
	=	0.17

National for Tourism Hotels's Debt to Equity Ratio for the quarter 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
	=	(35.741	+	351.004)	/	2252.844
	=	0.17

National for Tourism Hotels (ADX:NCTH) 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.

National for Tourism Hotels Debt-to-Equity Related Terms

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

National for Tourism Hotels (ADX:NCTH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » National Corp for Tourism Hotels (ADX:NCTH) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, P.O. Box 6942, Abu Dhabi, ARE

Website

https://www.ncth.com

National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company's operating segment include Hotels, Retail Services, Catering Services, and the Holding segment. Catering segment provides catering services on a contract basis. The Hotels segment provides room and food and beverages services to customers. Retail services segment provides beverages sales services to its customers. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE). It owns four hotels within the UAE: Abu Dhabi InterContinental Hotel, Danat Al Ain Resort.

National for Tourism Hotels (ADX:NCTH) Headlines

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