Theeb Car Rental Co (SAU:4261) Debt-to-Asset : 0.55 (As of Mar. 2024)

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What is Theeb Car Rental Co Debt-to-Asset?

Theeb Car Rental Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼663 Mil. Theeb Car Rental Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼632 Mil. Theeb Car Rental Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ﷼2,338 Mil. Theeb Car Rental Co's debt to asset for the quarter that ended in Mar. 2024 was 0.55.

Theeb Car Rental Co Debt-to-Asset Historical Data

The historical data trend for Theeb Car Rental Co's Debt-to-Asset 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.

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Theeb Car Rental Co Debt-to-Asset Chart

Theeb Car Rental Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.52

0.48

0.54

0.55

Theeb Car Rental Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial												0.31	0.54	0.54	0.55	0.55

Competitive Comparison of Theeb Car Rental Co's Debt-to-Asset

For the Rental & Leasing Services subindustry, Theeb Car Rental Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset 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.

Theeb Car Rental Co's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Theeb Car Rental Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Theeb Car Rental Co's Debt-to-Asset falls into.

Theeb Car Rental Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Theeb Car Rental Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(620.459	+	610.512)	/	2238.827
	=	0.55

Theeb Car Rental Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(662.957	+	632.143)	/	2338.285
	=	0.55

Theeb Car Rental Co (SAU:4261) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Theeb Car Rental Co Debt-to-Asset Related Terms

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Theeb Car Rental Co (SAU:4261) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Theeb Car Rental Co (SAU:4261) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring Road, between Exit 12 and 13, P.O. Box 9551, Al Rawda District, Riyadh, SAU, 11423

Website

https://www.theebonline.com

Theeb Car Rental Co is engaged in car rental and leasing. It operates in three segments namely: Short term lease; Long term lease; and Other. Short term lease segment represents activities involving the leasing of cars to customers under short-term rental arrangements (daily and monthly). Long term lease segment represents activities involving the leasing of cars to customers under medium to longer-term operating lease arrangements. Car sales (others) represents the sales of vehicles that were previously held as a part of the lease or rental fleet. Majority of revenue is generated from Short term lease.

Theeb Car Rental Co (SAU:4261) Headlines

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