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Saudi Top for Trading Co (SAU:9552) Liabilities-to-Assets : 0.50 (As of Jun. 2024)


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What is Saudi Top for Trading 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. Saudi Top for Trading Co's Total Liabilities for the quarter that ended in Jun. 2024 was ﷼70.3 Mil. Saudi Top for Trading Co's Total Assets for the quarter that ended in Jun. 2024 was ﷼141.3 Mil. Therefore, Saudi Top for Trading Co's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 was 0.50.


Saudi Top for Trading Co Liabilities-to-Assets Historical Data

The historical data trend for Saudi Top for Trading 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.

* Premium members only.

Saudi Top for Trading Co Liabilities-to-Assets Chart

Saudi Top for Trading Co Annual Data
Trend Dec21 Dec22 Dec23
Liabilities-to-Assets
0.45 0.34 0.49

Saudi Top for Trading Co Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Liabilities-to-Assets Get a 7-Day Free Trial - 0.34 0.39 0.49 0.50

Competitive Comparison of Saudi Top for Trading Co's Liabilities-to-Assets

For the Specialty Chemicals subindustry, Saudi Top for Trading 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.


Saudi Top for Trading Co's Liabilities-to-Assets Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Saudi Top for Trading Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Saudi Top for Trading Co's Liabilities-to-Assets falls into.


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Saudi Top for Trading 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.

Saudi Top for Trading 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
=65.183/133.292
=0.49

Saudi Top for Trading Co's Liabilities-to-Assets Ratio for the quarter that ended in Jun. 2024 is calculated as

Liabilities-to-Assets (Q: Jun. 2024 )=Total Liabilities/Total Assets
=70.324/141.344
=0.50

* 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.


Saudi Top for Trading Co  (SAU:9552) 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.


Saudi Top for Trading Co Liabilities-to-Assets Related Terms

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Saudi Top for Trading Co Business Description

Traded in Other Exchanges
N/A
Address
3776 Eastern Ring Road, Alnoor District, Riyadh, SAU, 14321
Saudi Top for Trading Co is engaged in the plastic raw materials business as a trading company or manufacturer and also an authorized distributor for petrochemical-producing companies. The company's product portfolio includes Polyethylene WAX, Polyethylene, Polyethylene Terephthalate, Thermoplastic Elastomers, Styrenics, Polypropylene Rubber, and Engineering Polymers.

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