Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) LT-Debt-to-Total-Asset : 0.57 (As of Mar. 2024)

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What is Shamal Az-Zour Al-Oula Power And Water Co KSCP 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. Shamal Az-Zour Al-Oula Power And Water Co KSCP's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.57.

Shamal Az-Zour Al-Oula Power And Water Co KSCP's long-term debt to total assets ratio declined from Mar. 2023 (0.65) to Mar. 2024 (0.57). It may suggest that Shamal Az-Zour Al-Oula Power And Water Co KSCP is progressively becoming less dependent on debt to grow their business.

Shamal Az-Zour Al-Oula Power And Water Co KSCP LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shamal Az-Zour Al-Oula Power And Water Co KSCP'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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Shamal Az-Zour Al-Oula Power And Water Co KSCP LT-Debt-to-Total-Asset Chart

Shamal Az-Zour Al-Oula Power And Water Co KSCP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.66

0.65

0.63

Shamal Az-Zour Al-Oula Power And Water Co KSCP Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.65	0.64	0.65	0.63	0.57

Shamal Az-Zour Al-Oula Power And Water Co KSCP LT-Debt-to-Total-Asset Calculation

Shamal Az-Zour Al-Oula Power And Water Co KSCP'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 )
	=	293.851	/	463.99
	=	0.63

Shamal Az-Zour Al-Oula Power And Water Co KSCP's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	290.475	/	505.756
	=	0.57

Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) 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.

Shamal Az-Zour Al-Oula Power And Water Co KSCP LT-Debt-to-Total-Asset Related Terms

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Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Shamal Az-Zour Al-Oula Power And Water Co KSCP (KUW:AZNOULA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Khalid Ibn Al Waleed Street, 6th Floor, Mazaya Tower 2, Block 3, Mirqab, Kuwait City, KWT

Website

https://aznoula.com

Shamal Az-Zour Al-Oula Power And Water Co KSCP is engaged in the development of Az-Zour North One Power and Water plant. The company promotes power generation plants and builds and operates power production and water desalination plants that produce more than 500 MW.

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