Galfar EngineeringntractingOG (MUS:GECS) Debt-to-Equity : 1.94 (As of Jun. 2022)

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What is Galfar EngineeringntractingOG Debt-to-Equity?

Galfar EngineeringntractingOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was ر.ع34.98 Mil. Galfar EngineeringntractingOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was ر.ع7.72 Mil. Galfar EngineeringntractingOG's Total Stockholders Equity for the quarter that ended in Jun. 2022 was ر.ع22.02 Mil. Galfar EngineeringntractingOG's debt to equity for the quarter that ended in Jun. 2022 was 1.94.

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

MUS:GECS's Debt-to-Equity is not ranked ^*
in the Construction industry.
Industry Median: 0.44
* Ranked among companies with meaningful Debt-to-Equity only.

Galfar EngineeringntractingOG Debt-to-Equity Historical Data

The historical data trend for Galfar EngineeringntractingOG'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.

Galfar EngineeringntractingOG Debt-to-Equity Chart

Galfar EngineeringntractingOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Debt-to-Equity

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3.26

2.52

1.85

2.99

2.32

Galfar EngineeringntractingOG Quarterly Data
	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22
Debt-to-Equity	Get a 7-Day Free Trial															N/A	N/A	2.32	2.02	1.94

Competitive Comparison of Galfar EngineeringntractingOG's Debt-to-Equity

For the Engineering & Construction subindustry, Galfar EngineeringntractingOG'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.

Galfar EngineeringntractingOG's Debt-to-Equity Distribution in the Construction Industry

For the Construction industry and Industrials sector, Galfar EngineeringntractingOG's Debt-to-Equity distribution charts can be found below:

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

Galfar EngineeringntractingOG Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Galfar EngineeringntractingOG's Debt to Equity Ratio for the fiscal year that ended in Dec. 2021 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
	=	(36.481	+	12.896)	/	21.294
	=	2.32

Galfar EngineeringntractingOG's Debt to Equity Ratio for the quarter that ended in Jun. 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
	=	(34.982	+	7.72)	/	22.021
	=	1.94

Galfar EngineeringntractingOG (MUS:GECS) 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.

Galfar EngineeringntractingOG Debt-to-Equity Related Terms

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Galfar EngineeringntractingOG (MUS:GECS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Galfar Engineering & Contracting SAOG (MUS:GECS) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Sultanate of Oman, PO Box 533, Muscat, OMN, 100

Website

http://www.galfar.com

Galfar Engineering & Contracting SAOG is a construction company. Its main activities include road, bridge, airport construction, oil and gas including EPC works, civil and mechanical construction, public health engineering, electrical, plumbing and maintenance contracts. The other activities are hiring out of cranes, equipment and other vehicles and training of drivers, operators, manufacturing of ready-mix concrete and others. It has five operating segments: construction, manufacturing, the hiring of equipment, and training of personnel. The majority of revenue is generated from the construction segment. It has its operations in the Gulf Cooperation Council and India.

Galfar EngineeringntractingOG (MUS:GECS) Headlines

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