DAMAC Properties Dubai Co PJSC (DFM:DAMAC) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2021)

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What is DAMAC Properties Dubai Co 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. DAMAC Properties Dubai Co PJSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.12.

DAMAC Properties Dubai Co PJSC's long-term debt to total assets ratio declined from Dec. 2020 (0.15) to Dec. 2021 (0.12). It may suggest that DAMAC Properties Dubai Co PJSC is progressively becoming less dependent on debt to grow their business.

DAMAC Properties Dubai Co PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for DAMAC Properties Dubai Co 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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DAMAC Properties Dubai Co PJSC LT-Debt-to-Total-Asset Chart

DAMAC Properties Dubai Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.15

0.13

0.14

0.15

0.12

DAMAC Properties Dubai Co 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															0.15	0.14	0.06	0.06	0.12

DAMAC Properties Dubai Co PJSC LT-Debt-to-Total-Asset Calculation

DAMAC Properties Dubai Co 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 )
	=	2603.55	/	22318.7
	=	0.12

DAMAC Properties Dubai Co 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 )
	=	2603.55	/	22318.7
	=	0.12

DAMAC Properties Dubai Co PJSC (DFM:DAMAC) 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.

DAMAC Properties Dubai Co PJSC LT-Debt-to-Total-Asset Related Terms

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DAMAC Properties Dubai Co PJSC (DFM:DAMAC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DAMAC Properties Dubai Co PJSC (DFM:DAMAC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

SHSE:600639 SHSE:600325 OSTO:ATRLJ B XTAE:GVYM TPE:2542 HKSE:09993 SHSE:600376 HKSE:00813 SHSE:600773 SZSE:002146

Traded in Other Exchanges

N/A

Address

Al Barsha Heights (Tecom), P.O. Box 2195, Executive Heights Building, Dubai, ARE

Website

https://www.damacproperties.com

DAMAC Properties Dubai Co PJSC along with its subsidiaries is engaged in the development of properties in the Middle East. It develops high-end and luxury residential, commercial and leisure properties across the UAE and internationally. The company derives a majority of revenue from the UAE region.

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