National Takaful Co (Watania) PJSC (ADX:WATANIA) LT-Debt-to-Total-Asset: 0.01 (As of Dec. 2021)

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ADX:WATANIA National Takaful Co (Watania) PJSC ADX:WATANIA
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Price د.إ0.89
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What is National Takaful Co (Watania) PJSC LT-Debt-to-Total-Asset?

National Takaful Co (Watania) PJSC ADX:WATANIA 5 LT-Debt-to-Total-Asset is 0.01 as of Dec. 2021. GuruFocus rates ADX:WATANIA with a GF Score™ of 5/100.

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 Takaful Co (Watania) PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.01.

National Takaful Co (Watania) PJSC's long-term debt to total assets ratio declined from Dec. 2020 (0.02) to Dec. 2021 (0.01). It may suggest that National Takaful Co (Watania) PJSC is progressively becoming less dependent on debt to grow their business.

National Takaful Co (Watania) PJSC  (ADX:WATANIA) 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 Takaful Co (Watania) PJSC LT-Debt-to-Total-Asset Related Terms

National Takaful Co (Watania) PJSC LT-Debt-to-Total-Asset Historical Data

* Premium members only.

The historical data trend for National Takaful Co (Watania) 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.

National Takaful Co (Watania) PJSC LT-Debt-to-Total-Asset Chart

National Takaful Co (Watania) PJSC Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.02 0.02 0.01

National Takaful Co (Watania) PJSC Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.02 0.02 0.02 0.01 0.01
ADX:WATANIA
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National Takaful Co (Watania) PJSC ADX:WATANIA
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National Takaful Co (Watania) PJSC LT-Debt-to-Total-Asset Calculation

National Takaful Co (Watania) PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )/Total Assets (A: Dec. 2021 )
=4.239/511.322
=0.01

National Takaful Co (Watania) PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )/Total Assets (Q: Dec. 2021 )
=4.239/511.322
=0.01

* 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.

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →
What does a LT-Debt-to-Total-Asset of 0.01 mean?
National Takaful Co (Watania) PJSC (ADX:WATANIA) has a LT-Debt-to-Total-Asset of 0.01 as of Dec. 2021. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Takaful Co (Watania) PJSC and its competitors.
Is National Takaful Co (Watania) PJSC's LT-Debt-to-Total-Asset too high?
National Takaful Co (Watania) PJSC's current LT-Debt-to-Total-Asset is 0.01. Overall, National Takaful Co (Watania) PJSC has a GF Score™ of 5/100, reflecting its overall financial health beyond just this single metric.
How does National Takaful Co (Watania) PJSC's LT-Debt-to-Total-Asset compare to BRK.A and AIG?
National Takaful Co (Watania) PJSC's LT-Debt-to-Total-Asset of 0.01 can be compared against companies in the Insurance industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good LT-Debt-to-Total-Asset for an Insurance company?
A good LT-Debt-to-Total-Asset depends on the Insurance industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high LT-Debt-to-Total-Asset mean?
A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on National Takaful Co (Watania) PJSC and its competitors. National Takaful Co (Watania) PJSC's current LT-Debt-to-Total-Asset is 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Takaful Co (Watania) PJSC stock overvalued right now?
National Takaful Co (Watania) PJSC (ADX:WATANIA) has a current LT-Debt-to-Total-Asset of 0.01. The current LT-Debt-to-Total-Asset is 0.01. National Takaful Co (Watania) PJSC's overall GF Score™ is 5/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is LT-Debt-to-Total-Asset calculated?
LT-Debt-to-Total-Asset is calculated from a company's financial statements. For National Takaful Co (Watania) PJSC (ADX:WATANIA), the current LT-Debt-to-Total-Asset is 0.01 as of Dec. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

National Takaful Co (Watania) PJSC Business Description

Address Al Muroor Road (4th Street), Al Jazira Sports Complex, P.O. Box 6457, 4th Floor, Tower A, Opposite to Dusit Thani Hotel, Abu Dhabi, ARE
National Takaful Co (Watania) PJSC is primarily engaged in providing all classes of non-family takaful solutions. The company underwrites mainly medical, property, engineering, motor, miscellaneous accident, marine and personal accident classes. The segments of the company are Medical and Non-Medical. The company operates its business in the United States of Emirates.
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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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