Emirates Reem Investments Co PJSC (DFM:ERC) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is Emirates Reem Investments 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. Emirates Reem Investments Co PJSC's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

Emirates Reem Investments Co PJSC's long-term debt to total assets ratio declined from Jun. 2022 (0.11) to Jun. 2023 (0.02). It may suggest that Emirates Reem Investments Co PJSC is progressively becoming less dependent on debt to grow their business.

Emirates Reem Investments Co PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Emirates Reem Investments 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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Emirates Reem Investments Co PJSC LT-Debt-to-Total-Asset Chart

Emirates Reem Investments Co PJSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.12

0.02

0.01

Emirates Reem Investments Co PJSC Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.02	0.01

Emirates Reem Investments Co PJSC LT-Debt-to-Total-Asset Calculation

Emirates Reem Investments Co PJSC'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 )
	=	3.51	/	363.221
	=	0.01

Emirates Reem Investments Co PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	5.668	/	349.883
	=	0.02

Emirates Reem Investments Co PJSC (DFM:ERC) 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.

Emirates Reem Investments Co PJSC LT-Debt-to-Total-Asset Related Terms

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Emirates Reem Investments Co PJSC (DFM:ERC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » Emirates Reem Investments Co PJSC (DFM:ERC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Awir, P.O. Box 5567, Dubai, ARE

Website

http://www.erc.jeemawater.com

Emirates Reem Investments Co PJSC Formerly Emirates Refreshments Co is engaged in bottling and selling mineral water and carbonated soft drinks as well as manufacturing plastic bottles and containers. The company operates in a single business segment that is Bottling, Distribution, and Trading of Mineral Water and Carbonated Soft Drinks. It markets and sells its products under the Jeema brand name.

Emirates Reem Investments Co PJSC (DFM:ERC) Headlines

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