Fujairah Building Industries PJSC (ADX:FBI) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Fujairah Building Industries PJSC 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. Fujairah Building Industries PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Fujairah Building Industries PJSC's long-term debt to total assets ratio declined from Dec. 2021 (0.12) to Dec. 2023 (0.10). It may suggest that Fujairah Building Industries PJSC is progressively becoming less dependent on debt to grow their business.

Fujairah Building Industries PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujairah Building Industries PJSC'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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Fujairah Building Industries PJSC LT-Debt-to-Total-Asset Chart

Fujairah Building Industries PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.14

0.12

0.10

Fujairah Building Industries PJSC Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.16	0.14	0.12	0.10	0.10

Fujairah Building Industries PJSC LT-Debt-to-Total-Asset Calculation

Fujairah Building Industries PJSC'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 )
	=	38.331	/	397.729
	=	0.10

Fujairah Building Industries PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	38.331	/	397.729
	=	0.10

Fujairah Building Industries PJSC (ADX:FBI) 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.

Fujairah Building Industries PJSC LT-Debt-to-Total-Asset Related Terms

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Fujairah Building Industries PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Fujairah Building Industries PJSC (ADX:FBI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Al Hayl Industrial Area, P.O. Box 383, Fujairah, ARE

Website

https://www.fujfbi.ae

Fujairah Building Industries PJSC is engaged in the construction sector. The products of the company are Concrete products, Rockwool products, Quarry products, and Marbles and tiles. Geographically, the company derives maximum revenue from UAE.

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