Arabian Drilling Co (SAU:2381) Debt-to-Asset : 0.29 (As of Dec. 2024)

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What is Arabian Drilling Co Debt-to-Asset?

Arabian Drilling Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ﷼346 Mil. Arabian Drilling Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2024 was ﷼2,677 Mil. Arabian Drilling Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2024 was ﷼10,535 Mil. Arabian Drilling Co's debt to asset for the quarter that ended in Dec. 2024 was 0.29.

Arabian Drilling Co Debt-to-Asset Historical Data

The historical data trend for Arabian Drilling 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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Arabian Drilling Co Debt-to-Asset Chart

Arabian Drilling Co Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

0.21

0.29

0.30

0.29

Arabian Drilling Co Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial									0.30	0.29	0.30	0.29	0.29

Competitive Comparison of Arabian Drilling Co's Debt-to-Asset

For the Oil & Gas Drilling subindustry, Arabian Drilling 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.

Arabian Drilling Co's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Arabian Drilling Co's Debt-to-Asset distribution charts can be found below:

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

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Arabian Drilling Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Arabian Drilling Co's Debt-to-Asset for the fiscal year that ended in Dec. 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
	=	(346.206	+	2676.627)	/	10534.841
	=	0.29

Arabian Drilling Co's Debt-to-Asset for the quarter that ended in Dec. 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
	=	(346.206	+	2676.627)	/	10534.841
	=	0.29

Arabian Drilling Co (SAU:2381) 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.

Arabian Drilling Co Debt-to-Asset Related Terms

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Arabian Drilling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Arabian Drilling Co (SAU:2381) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 4110, Al-Khobar, SAU, 31952

Website

https://www.arabdrill.com

Arabian Drilling Co is an onshore and offshore gas and oil rig drilling company in Saudi Arabia. It is principally engaged in the drilling of oil and natural gas wells, operations, maintenance and hauling of rigs, and related activities. The operating segment of the company Provision of drilling and related services through land rigs and the Provision of drilling and related services through off-shore rigs.

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