Ghitha Holding PJSC (ADX:GHITHA) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Ghitha Holding 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. Ghitha Holding PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Ghitha Holding PJSC's long-term debt to total assets ratio declined from Sep. 2023 (0.13) to Dec. 2024 (0.06). It may suggest that Ghitha Holding PJSC is progressively becoming less dependent on debt to grow their business.

Ghitha Holding PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ghitha Holding 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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Ghitha Holding PJSC LT-Debt-to-Total-Asset Chart

Ghitha Holding PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.05

0.10

0.11

0.06

Ghitha Holding PJSC Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.13	0.11	0.08	0.08	0.06

Ghitha Holding PJSC LT-Debt-to-Total-Asset Calculation

Ghitha Holding PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	579.443	/	9327.6
	=	0.06

Ghitha Holding PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	579.443	/	9327.6
	=	0.06

Ghitha Holding PJSC (ADX:GHITHA) 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.

Ghitha Holding PJSC LT-Debt-to-Total-Asset Related Terms

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Ghitha Holding PJSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Ghitha Holding PJSC (ADX:GHITHA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Faymah Street, PO Box 53314, Business Avenue Tower, Unit 1501, Al Danah, Abu Dhabi, ARE

Website

https://www.ghitha.com

Ghitha Holding PJSC is engaged in trading, re-packaging, and distribution of food products. Its segments include Consumer goods, Catering, Facility Management Services, Manufacturing, Contracting, and Others. The majority of its revenue is generated from the Consumer goods segment which includes retail and wholesale of traded and manufactured consumer products.

Ghitha Holding PJSC Headlines

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