Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Gulf Cable & Electrical Industries Co KSC 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. Gulf Cable & Electrical Industries Co KSC's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Gulf Cable & Electrical Industries Co KSC's long-term debt to total assets ratio declined from Dec. 2023 (0.09) to Dec. 2024 (0.05). It may suggest that Gulf Cable & Electrical Industries Co KSC is progressively becoming less dependent on debt to grow their business.

Gulf Cable & Electrical Industries Co KSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gulf Cable & Electrical Industries Co KSC'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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Gulf Cable & Electrical Industries Co KSC LT-Debt-to-Total-Asset Chart

Gulf Cable & Electrical Industries Co KSC Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.21

0.12

0.09

0.05

Gulf Cable & Electrical Industries Co KSC 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															0.09	0.07	0.07	0.06	0.05

Gulf Cable & Electrical Industries Co KSC LT-Debt-to-Total-Asset Calculation

Gulf Cable & Electrical Industries Co KSC'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 )
	=	16.077	/	326.118
	=	0.05

Gulf Cable & Electrical Industries Co KSC'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 )
	=	16.077	/	326.118
	=	0.05

Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) 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.

Gulf Cable & Electrical Industries Co KSC LT-Debt-to-Total-Asset Related Terms

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Gulf Cable & Electrical Industries Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gulf Cable & Electrical Industries Co KSC (KUW:CABLE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Khalaf Al-Ahmar Street, P.O. Box 1196, Sulaibiya Area No. 1, Sulaibiya Industrial Area, Opposite to KPTC Warehouse, Kuwait, KWT, 13012

Website

https://www.gulfcable.com

Gulf Cable & Electrical Industries Co KSC is a manufacturer and supplier of electrical and telephone cables, electrical transformers, switches and distribution panels, and aluminum chips. The group has three operating segments which includes Cable manufacture; Investment and Rendering services. The Cable manufacture segment contributes the maximum revenue. Its product range includes medium and low voltage power cables, control cables, bare conductors, telephone, communication and instrumentation cables.

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