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Gas Arabian Services Co (SAU:9528) Liabilities-to-Assets : 0.39 (As of Dec. 2023)


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What is Gas Arabian Services Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Gas Arabian Services Co's Total Liabilities for the quarter that ended in Dec. 2023 was ﷼225.7 Mil. Gas Arabian Services Co's Total Assets for the quarter that ended in Dec. 2023 was ﷼586.4 Mil. Therefore, Gas Arabian Services Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.39.


Gas Arabian Services Co Liabilities-to-Assets Historical Data

The historical data trend for Gas Arabian Services Co's Liabilities-to-Assets 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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Gas Arabian Services Co Liabilities-to-Assets Chart

Gas Arabian Services Co Annual Data
Trend Dec21 Dec22 Dec23
Liabilities-to-Assets
0.39 0.37 0.39

Gas Arabian Services Co Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Liabilities-to-Assets Get a 7-Day Free Trial 0.39 0.44 0.37 0.42 0.39

Competitive Comparison of Gas Arabian Services Co's Liabilities-to-Assets

For the Oil & Gas Equipment & Services subindustry, Gas Arabian Services Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Gas Arabian Services Co's Liabilities-to-Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gas Arabian Services Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Gas Arabian Services Co's Liabilities-to-Assets falls into.



Gas Arabian Services Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Gas Arabian Services Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=225.72/586.41
=0.38

Gas Arabian Services Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=225.72/586.41
=0.38

* 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.


Gas Arabian Services Co  (SAU:9528) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Gas Arabian Services Co Liabilities-to-Assets Related Terms

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Gas Arabian Services Co (SAU:9528) Business Description

Traded in Other Exchanges
N/A
Address
Unit no. 8500, Dammam, SAU, 32241-5150
Gas Arabian Services Co is a total solutions provider in the fields of integrated services for oil, petrochemical, chemical & allied industries. It offers leak detection systems, automation, instrumentation, mechanical, piping, static and project management services for petrochemical, electrical, oil and gas, steel, water, and desalination industries. Business is organized into three segments being Technical services, Trading and Manufacturing. Substantial revenue is generated from the Trading segment which is engaged in sales of industrial, electrical, mechanical, hydromechanical, petroleum and other technical equipment.

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