Al Manar Financing & Leasing Co (KUW:ALMANAR) LT-Debt-to-Total-Asset : 0.34 (As of Dec. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Al Manar Financing & Leasing Co 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. Al Manar Financing & Leasing Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.34.

Al Manar Financing & Leasing Co's long-term debt to total assets ratio declined from Dec. 2023 (0.35) to Dec. 2024 (0.34). It may suggest that Al Manar Financing & Leasing Co is progressively becoming less dependent on debt to grow their business.

Al Manar Financing & Leasing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Manar Financing & Leasing Co'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.

* Premium members only.

Al Manar Financing & Leasing Co LT-Debt-to-Total-Asset Chart

Al Manar Financing & Leasing Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.09

0.13

0.26

0.35

0.34

Al Manar Financing & Leasing Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.35	0.34	0.34	0.33	0.34

Al Manar Financing & Leasing Co LT-Debt-to-Total-Asset Calculation

Al Manar Financing & Leasing Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	18.859	/	56.293
	=	0.34

Al Manar Financing & Leasing Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	18.859	/	56.293
	=	0.34

Al Manar Financing & Leasing Co (KUW:ALMANAR) 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.

Al Manar Financing & Leasing Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Al Manar Financing & Leasing Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Al Manar Financing & Leasing Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Al Manar Financing & Leasing Co (KUW:ALMANAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Qiblah Block 13 Street 23, Building 19 Floor 29, P.O. BOX 22828, SAFAT, Kuwait City, KWT, 13089

Website

https://www.almanar.com.kw

Al Manar Financing & Leasing Co is Kuwait based company that operates as an Islamic financing institution. It provides all credit facilities, Leasing services, and investments in Real estate, Industrial, Agricultural, and Economic sectors. Its operating segments are Finance, Investments, and others. The majority of the revenue comes from Finance.

Al Manar Financing & Leasing Co Headlines

No Headlines