Kuwait and Gulf Link Transport Co (KUW:KGL) LT-Debt-to-Total-Asset : 0.30 (As of Sep. 2024)

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What is Kuwait and Gulf Link Transport 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. Kuwait and Gulf Link Transport Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.30.

Kuwait and Gulf Link Transport Co's long-term debt to total assets ratio increased from Sep. 2023 (0.26) to Sep. 2024 (0.30). It may suggest that Kuwait and Gulf Link Transport Co is progressively becoming more dependent on debt to grow their business.

Kuwait and Gulf Link Transport Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kuwait and Gulf Link Transport 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.

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Kuwait and Gulf Link Transport Co LT-Debt-to-Total-Asset Chart

Kuwait and Gulf Link Transport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.39

0.33

0.32

0.30

0.33

Kuwait and Gulf Link Transport Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.26	0.33	0.33	0.31	0.30

Kuwait and Gulf Link Transport Co LT-Debt-to-Total-Asset Calculation

Kuwait and Gulf Link Transport Co'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 )
	=	57.503	/	175.242
	=	0.33

Kuwait and Gulf Link Transport Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	52.535	/	177.968
	=	0.30

Kuwait and Gulf Link Transport Co (KUW:KGL) 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.

Kuwait and Gulf Link Transport Co LT-Debt-to-Total-Asset Related Terms

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Kuwait and Gulf Link Transport Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Kuwait and Gulf Link Transport Co (KUW:KGL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sharq, Dasman Complex, Block 2, P.O. Box 22351, 9th Floor, Safat, Kuwait, KWT, 13084

Website

http://www.kgl.com

Kuwait and Gulf Link Transport Co are engaged in the logistics and land transportation business. The company's activities include general cargo and stevedoring services at seaports, container terminal operations, general cargo transport, and handling services, container transport, and handling services, heavy equipment lease services, heavy-lift transport services, fuel haulage services, municipal service, and cleaning services. Its operating segment includes Transportation; Logistics services; Rental & leasing services and others. The company generates maximum revenue from the Logistics services segment.

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