Parkin Co (DFM:PARKIN) Debt-to-Asset : 0.55 (As of Mar. 2024)

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What is Parkin Co Debt-to-Asset?

Parkin Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ6.5 Mil. Parkin Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ1,126.6 Mil. Parkin Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was د.إ2,065.6 Mil. Parkin Co's debt to asset for the quarter that ended in Mar. 2024 was 0.55.

Parkin Co Debt-to-Asset Historical Data

The historical data trend for Parkin 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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Parkin Co Debt-to-Asset Chart

Parkin Co Annual Data

Trend

Dec21

Dec22

Dec23

Debt-to-Asset

0.06

0.60

Parkin Co Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Debt-to-Asset	0.06	0.06	-	0.60	0.55

Competitive Comparison of Parkin Co's Debt-to-Asset

For the Infrastructure Operations subindustry, Parkin 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.

Parkin Co's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Parkin Co's Debt-to-Asset distribution charts can be found below:

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

Parkin Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Parkin 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
	=	(5.537	+	1118.894)	/	1863.103
	=	0.60

Parkin 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
	=	(6.548	+	1126.576)	/	2065.624
	=	0.55

Parkin Co (DFM:PARKIN) 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.

Parkin Co Debt-to-Asset Related Terms

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Parkin Co (DFM:PARKIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Parkin Co (DFM:PARKIN) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Marrakech Street, G+2 Building, Old Headquarters, Umm Al Ramool, Plot number 215-246, P.O. Box 118899, Dubai, ARE

Website

https://www.parkin.ae

Parkin Co is a provider of paid parking facilities and services in Dubai. It operates across six operating verticals: (i) public on-street and off-street parking, (ii) public MSCPs, (iii) Developer-owned Parking Lots, (iv) permits and seasonal parking subscriptions, (v) parking reservations, and (vi) other services.

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