Gulf Investment House KSC (ADX:GIH) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)

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What is Gulf Investment House KSC 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. Gulf Investment House KSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Gulf Investment House KSC's long-term debt to total assets ratio increased from Sep. 2023 (0.05) to Sep. 2024 (0.05). It may suggest that Gulf Investment House KSC is progressively becoming more dependent on debt to grow their business.

Gulf Investment House KSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gulf Investment House KSC'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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Gulf Investment House KSC LT-Debt-to-Total-Asset Chart

Gulf Investment House KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.05

Gulf Investment House KSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.05	0.05	0.05

Gulf Investment House KSC LT-Debt-to-Total-Asset Calculation

Gulf Investment House KSC'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 )
	=	32.562	/	671.113
	=	0.05

Gulf Investment House KSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	32.882	/	662.415
	=	0.05

Gulf Investment House KSC (ADX:GIH) 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.

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Gulf Investment House KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Gulf Investment House KSC (ADX:GIH) » Definitions » LT-Debt-to-Total-Asset

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GIH:Kuwait

Address

Fadh Al Salem Street, Al Qibla, P.O. Box 28808, Block 6, Safat, Kuwait City, KWT, 13149

Website

http://www.gih.com.kw

Gulf Investment House KSC (GIH) is a financial services company. It is engaged in investment activities and related financial and advisory services. The company also trades and invests in properties. The company derives majority of its revenue from Investment. The operating segments of the group are Investments, Manufacturing and Real estate. It derives a majority of revenue from the Investments segment. It earns fees and commission income from a diverse range of asset management, investment banking, custody, and brokerage services provided to the customers.

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