National Marine Dredging Co PSC (ADX:NMDC) Debt-to-Equity : 0.23 (As of Sep. 2023)

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What is National Marine Dredging Co PSC Debt-to-Equity?

National Marine Dredging Co PSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ351 Mil. National Marine Dredging Co PSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was د.إ1,489 Mil. National Marine Dredging Co PSC's Total Stockholders Equity for the quarter that ended in Sep. 2023 was د.إ7,949 Mil. National Marine Dredging Co PSC's debt to equity for the quarter that ended in Sep. 2023 was 0.23.

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 Marine Dredging Co PSC's Debt-to-Equity or its related term are showing as below:

ADX:NMDC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01 Med: 0.17 Max: 0.65
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of National Marine Dredging Co PSC was 0.65. The lowest was 0.01. And the median was 0.17.

ADX:NMDC's Debt-to-Equity is ranked better than
66.4% of 1512 companies
in the Construction industry
Industry Median: 0.44 vs ADX:NMDC: 0.23

National Marine Dredging Co PSC Debt-to-Equity Historical Data

The historical data trend for National Marine Dredging Co PSC'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.

National Marine Dredging Co PSC Debt-to-Equity Chart

National Marine Dredging Co PSC Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

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0.10

0.63

0.42

0.32

National Marine Dredging Co PSC Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															0.39	0.36	0.32	0.26	0.23

Competitive Comparison of National Marine Dredging Co PSC's Debt-to-Equity

For the Engineering & Construction subindustry, National Marine Dredging Co PSC'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 Marine Dredging Co PSC's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, National Marine Dredging Co PSC's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Marine Dredging Co PSC's Debt-to-Equity falls into.

National Marine Dredging Co PSC Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Marine Dredging Co PSC's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 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
	=	(354.083	+	1757.709)	/	6537.526
	=	0.32

National Marine Dredging Co PSC's Debt to Equity Ratio for the quarter that ended in Sep. 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
	=	(350.698	+	1489.018)	/	7949.463
	=	0.23

National Marine Dredging Co PSC (ADX:NMDC) 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 Marine Dredging Co PSC Debt-to-Equity Related Terms

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National Marine Dredging Co PSC (ADX:NMDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » National Marine Dredging Co PSC (ADX:NMDC) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mussafah Street 16, P.O. Box 3649, Abu Dhabi, ARE

Website

https://www.nmdc.com

National Marine Dredging Co PSC is engaged in the execution of dredging contracts and associated land reclamation works in the territorial waters of the United Arab Emirates. Geographically, the company has a business presence in the United Arab Emirates and internationally. It derives the majority of the revenue from its operations in the United Arab Emirates. The company activities include Dredging and Reclamation, and Marine Construction. It has projects in various sectors such as Energy, Environment, Seaborne Trade, Tourism and Urban Development.

National Marine Dredging Co PSC (ADX:NMDC) Headlines

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