Saudi Real Estate Co (SAU:4020) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Saudi Real Estate Co 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. Saudi Real Estate Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Saudi Real Estate Co's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.34). It may suggest that Saudi Real Estate Co is progressively becoming less dependent on debt to grow their business.

Saudi Real Estate Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Real Estate Co'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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Saudi Real Estate Co LT-Debt-to-Total-Asset Chart

Saudi Real Estate Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.25

0.21

0.37

0.35

Saudi Real Estate Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.36	0.36	0.35	0.34

Saudi Real Estate Co LT-Debt-to-Total-Asset Calculation

Saudi Real Estate Co'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 )
	=	3130.384	/	8911.044
	=	0.35

Saudi Real Estate Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	3053.268	/	8993.464
	=	0.34

Saudi Real Estate Co (SAU:4020) 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.

Saudi Real Estate Co LT-Debt-to-Total-Asset Related Terms

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Saudi Real Estate Co (SAU:4020) Business Description

Industry

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Address

Main Olaya Street, Akaria Center Plaza, 5th Floor, P.O Box 3572, Riyadh, SAU, 11481

Website

https://www.al-akaria.com

Saudi Real Estate Co is engaged in real estate development and services which include the design, construction, maintenance, and management of commercial and residential buildings. Some of the existing projects of the company are Real Estate 2, Real Estate 3, Manazel Real Estate and many more. It has four reportable segments namely the Residential sector and Commercial sectors, Service sector and Head office.

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