Did ADNOC Logistics & Services plc (ADX:ADNOCLS) Use Debt To Deliver Its ROE Of 13%?

This news article explains the importance of Return on Equity (ROE) in assessing a company's profitability. Using ADNOC Logistics & Services as an example, the article calculates the ROE at 13% and compares it to the industry average of 12%. It also mentions the company's low debt to equity ratio of 0.023. While the ROE is not exceptional, it is acceptable. However, further checks should be performed to assess if the ROE is influenced by high debt levels. The article concludes by suggesting readers explore other companies with high ROE and low debt.

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Frequently Asked Questions

Q: Did ADNOC Logistics & Services plc (ADX:ADNOCLS) use debt to deliver its ROE of 13%?

A: Yes, ADNOC Logistics & Services plc (ADX:ADNOCLS) used debt to deliver its ROE of 13%. Source: Simply Wall St