National for Tourism Hotels (ADX:NCTH) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is National for Tourism Hotels 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. National for Tourism Hotels's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

National for Tourism Hotels's long-term debt to total assets ratio increased from Dec. 2021 (0.11) to Dec. 2023 (0.12). It may suggest that National for Tourism Hotels is progressively becoming more dependent on debt to grow their business.

National for Tourism Hotels LT-Debt-to-Total-Asset Historical Data

The historical data trend for National for Tourism Hotels'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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National for Tourism Hotels LT-Debt-to-Total-Asset Chart

National for Tourism Hotels Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.05

0.11

0.13

0.12

National for Tourism Hotels 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													0.04	0.05	0.11	0.13	0.12

National for Tourism Hotels LT-Debt-to-Total-Asset Calculation

National for Tourism Hotels'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 )
	=	351.004	/	2847.875
	=	0.12

National for Tourism Hotels'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 )
	=	351.004	/	2847.875
	=	0.12

National for Tourism Hotels (ADX:NCTH) 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.

National for Tourism Hotels LT-Debt-to-Total-Asset Related Terms

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National for Tourism Hotels Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » National Corp for Tourism Hotels (ADX:NCTH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport Road, P.O. Box 6942, Abu Dhabi, ARE

Website

https://www.ncth.com

National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company's operating segment include Hotels, Retail Services, Catering Services, and the Holding segment. Catering segment provides catering services on a contract basis. The Hotels segment provides room and food and beverages services to customers. Retail services segment provides beverages sales services to its customers. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE). It owns four hotels within the UAE: Abu Dhabi InterContinental Hotel, Danat Al Ain Resort.

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