National Cable & Wire Manufacturing (AMM:WIRE) Debt-to-Equity : 1.41 (As of Sep. 2023)

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What is National Cable & Wire Manufacturing Debt-to-Equity?

National Cable & Wire Manufacturing's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was JOD7.22 Mil. National Cable & Wire Manufacturing's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was JOD2.86 Mil. National Cable & Wire Manufacturing's Total Stockholders Equity for the quarter that ended in Sep. 2023 was JOD7.15 Mil. National Cable & Wire Manufacturing's debt to equity for the quarter that ended in Sep. 2023 was 1.41.

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 Cable & Wire Manufacturing's Debt-to-Equity or its related term are showing as below:

AMM:WIRE' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4 Med: 0.64 Max: 1.42
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of National Cable & Wire Manufacturing was 1.42. The lowest was 0.40. And the median was 0.64.

AMM:WIRE's Debt-to-Equity is ranked worse than
92.71% of 2632 companies
in the Industrial Products industry
Industry Median: 0.29 vs AMM:WIRE: 1.41

National Cable & Wire Manufacturing Debt-to-Equity Historical Data

The historical data trend for National Cable & Wire Manufacturing'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 Cable & Wire Manufacturing Debt-to-Equity Chart

National Cable & Wire Manufacturing Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

Get a 7-Day Free Trial

0.72

0.78

0.66

1.12

1.19

National Cable & Wire Manufacturing Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial															1.20	1.19	1.38	1.42	1.41

Competitive Comparison of National Cable & Wire Manufacturing's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, National Cable & Wire Manufacturing'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 Cable & Wire Manufacturing's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, National Cable & Wire Manufacturing's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where National Cable & Wire Manufacturing's Debt-to-Equity falls into.

National Cable & Wire Manufacturing Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

National Cable & Wire Manufacturing'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
	=	(9.423	+	0.335)	/	8.185
	=	1.19

National Cable & Wire Manufacturing'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
	=	(7.221	+	2.864)	/	7.15
	=	1.41

National Cable & Wire Manufacturing (AMM:WIRE) 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 Cable & Wire Manufacturing Debt-to-Equity Related Terms

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National Cable & Wire Manufacturing (AMM:WIRE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » National Cable & Wire Manufacturing (AMM:WIRE) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

Golden Jubilee area, P.O. Box 927104, Zarqa, Amman, JOR, 11190

Website

http://www.cableco.com.jo

National Cable & Wire Manufacturing is engaged in producing wires and cables of copper or aluminum conductors insulated/sheathed ordinary or special types or synthetic rubber. It provides various products such as Coaxial cables, Control cables, PVC insulated wires, Power cables, Concentric and service cables, Flexible cables, Telephone cables, and others.