First Investment Company (K.S.C.C.) (KUW:ALOLA) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is First Investment Company (K.S.C.C.) LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. First Investment Company (K.S.C.C.)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

First Investment Company (K.S.C.C.)'s long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that First Investment Company (K.S.C.C.) is progressively becoming less dependent on debt to grow their business.

First Investment Company (K.S.C.C.) LT-Debt-to-Total-Asset Historical Data

The historical data trend for First Investment Company (K.S.C.C.)'s LT-Debt-to-Total-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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First Investment Company (K.S.C.C.) LT-Debt-to-Total-Asset Chart

First Investment Company (K.S.C.C.) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.03

0.02

First Investment Company (K.S.C.C.) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.03	0.02

First Investment Company (K.S.C.C.) LT-Debt-to-Total-Asset Calculation

First Investment Company (K.S.C.C.)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	1.696	/	78.536
	=	0.02

First Investment Company (K.S.C.C.)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.696	/	78.536
	=	0.02

First Investment Company (K.S.C.C.) (KUW:ALOLA) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

First Investment Company (K.S.C.C.) LT-Debt-to-Total-Asset Related Terms

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First Investment Company (K.S.C.C.) (KUW:ALOLA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » First Investment Company (K.S.C.C.) (KUW:ALOLA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Hamra Tower, AI Shahada Street, Floor 68, Sharq Area, Kuwait City, KWT, 13063

Website

https://www.fic.com.kw

First Investment Company (K.S.C.C.) is a provider of investment and financial services in Kuwait. The company's activities include financial brokerage activities, securities trading transitions including buying and selling stocks and bonds of governmental and non-governmental agencies and companies. It invests in Agriculture, Oil & Oil Products, Manufacturing, Utilities, Construction, Services Sectors, Trade, Hotels, Transport, Finance, Real Estate, and Social and Personal services sector. The company operates in Kuwait, Kingdom of Saudi Arabia, and Others geographical areas with the majority of the revenue deriving from Kuwait.

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