Raya Holding for Financial Investments (CAI:RAYA) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2024)

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What is Raya Holding for Financial Investments 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. Raya Holding for Financial Investments's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.11.

Raya Holding for Financial Investments's long-term debt to total assets ratio increased from Sep. 2023 (0.04) to Sep. 2024 (0.11). It may suggest that Raya Holding for Financial Investments is progressively becoming more dependent on debt to grow their business.

Raya Holding for Financial Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Raya Holding for Financial Investments'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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Raya Holding for Financial Investments LT-Debt-to-Total-Asset Chart

Raya Holding for Financial Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.11

0.12

0.08

Raya Holding for Financial Investments 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															0.04	0.08	0.11	0.11	0.11

Raya Holding for Financial Investments LT-Debt-to-Total-Asset Calculation

Raya Holding for Financial Investments'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 )
	=	2257.96	/	27148.954
	=	0.08

Raya Holding for Financial Investments'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 )
	=	3984.311	/	36736.383
	=	0.11

Raya Holding for Financial Investments (CAI:RAYA) 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.

Raya Holding for Financial Investments LT-Debt-to-Total-Asset Related Terms

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Raya Holding for Financial Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Raya Holding for Financial Investments (CAI:RAYA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

26th July Street, Touristic Zone, Raya Corporation Building, Cairo, EGY, 12568

Website

https://www.rayacorp.com

Raya Holding for Financial Investments operates in Trade and distribution, Information technology, Call centers, Finance lease, International services, Land transportation, Manufacturing, Restaurants, Non-bank financial services, Manufacturing and export, Canned foods, vehicle manufacturing, and Other activities. The firm generates a majority of its revenue from the Trade Distribution sector. The company operates in Land, Buildings, Electrical equipment, leasehold Improvements, Furniture and office equipment, Computers, and Fixtures. Geographically, it operates in Egypt, Algeria, the Gulf, and Saudi.