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Almasane Alkobra Mining Co (SAU:1322) Debt-to-Equity : 0.10 (As of Mar. 2024)


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What is Almasane Alkobra Mining Co Debt-to-Equity?

Almasane Alkobra Mining Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼68.9 Mil. Almasane Alkobra Mining Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼43.8 Mil. Almasane Alkobra Mining Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ﷼1,167.5 Mil. Almasane Alkobra Mining Co's debt to equity for the quarter that ended in Mar. 2024 was 0.10.

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 Almasane Alkobra Mining Co's Debt-to-Equity or its related term are showing as below:

SAU:1322' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.09   Med: 0.34   Max: 0.88
Current: 0.09

During the past 4 years, the highest Debt-to-Equity Ratio of Almasane Alkobra Mining Co was 0.88. The lowest was 0.09. And the median was 0.34.

SAU:1322's Debt-to-Equity is ranked better than
56.63% of 1305 companies
in the Metals & Mining industry
Industry Median: 0.13 vs SAU:1322: 0.09

Almasane Alkobra Mining Co Debt-to-Equity Historical Data

The historical data trend for Almasane Alkobra Mining Co'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.

Almasane Alkobra Mining Co Debt-to-Equity Chart

Almasane Alkobra Mining Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
0.88 0.51 0.17 0.09

Almasane Alkobra Mining Co Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 0.17 0.14 0.13 0.09 0.10

Competitive Comparison of Almasane Alkobra Mining Co's Debt-to-Equity

For the Other Precious Metals & Mining subindustry, Almasane Alkobra Mining Co'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.


Almasane Alkobra Mining Co's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Almasane Alkobra Mining Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Almasane Alkobra Mining Co's Debt-to-Equity falls into.



Almasane Alkobra Mining Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Almasane Alkobra Mining Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Almasane Alkobra Mining Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 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.


Almasane Alkobra Mining Co  (SAU:1322) 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.


Almasane Alkobra Mining Co Debt-to-Equity Related Terms

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Almasane Alkobra Mining Co (SAU:1322) Business Description

Traded in Other Exchanges
N/A
Address
P.O. Box 96, Najran, SAU
Almasane Alkobra Mining Co is engaged in mining non-ferrous metal ores (aluminium, copper, and lead), mining ores of precious metals belonging to the gold, silver, and platinum group, and wholesaling precious metals and gemstones.

Almasane Alkobra Mining Co (SAU:1322) Headlines

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