Oman Flour Mills (MUS:OFMI) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2019)

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What is Oman Flour Mills 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. Oman Flour Mills's long-term debt to total assests ratio for the quarter that ended in Jun. 2019 was 0.14.

Oman Flour Mills's long-term debt to total assets ratio increased from Dec. 2017 (0.12) to Jun. 2019 (0.14). It may suggest that Oman Flour Mills is progressively becoming more dependent on debt to grow their business.

Oman Flour Mills LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oman Flour Mills'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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Oman Flour Mills LT-Debt-to-Total-Asset Chart

Oman Flour Mills Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

LT-Debt-to-Total-Asset

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0.13

0.11

0.14

0.12

Oman Flour Mills Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Sep18	Mar19	Jun19
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.13	0.14	0.14	0.14

Oman Flour Mills LT-Debt-to-Total-Asset Calculation

Oman Flour Mills's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2016 is calculated as

LT Debt to Total Assets (A: Jun. 2016 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2016 )	/	Total Assets (A: Jun. 2016 )
	=	10.369	/	89.867
	=	0.12

Oman Flour Mills's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (Q: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2019 )	/	Total Assets (Q: Jun. 2019 )
	=	14.057	/	102.204
	=	0.14

Oman Flour Mills (MUS:OFMI) 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.

Oman Flour Mills LT-Debt-to-Total-Asset Related Terms

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Oman Flour Mills (MUS:OFMI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Oman Flour Mills (MUS:OFMI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 566, Ruwi, OMN, 112

Website

http://www.omanflourmills.com

Oman Flour Mills is an Oman-based company engaged in the milling of wheat and other cereals and sale of flour, and the processing and sale of animal feed. In addition, the company through its subsidiaries is also involved in the production and sale of eggs, and selling and distribution of franchise frozen bakery products. The group generates the majority of the revenue from the processing and sale of a flour mill and feed mill. The company markets its flour mill products through Dahabi brand and feed mill products through Barakat brand.

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