Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) LT-Debt-to-Total-Asset : 0.56 (As of Mar. 2024)

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What is Al-Mazaya Holding Co K.S.C.P 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-Mazaya Holding Co K.S.C.P's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.56.

Al-Mazaya Holding Co K.S.C.P's long-term debt to total assets ratio declined from Mar. 2023 (0.57) to Mar. 2024 (0.56). It may suggest that Al-Mazaya Holding Co K.S.C.P is progressively becoming less dependent on debt to grow their business.

Al-Mazaya Holding Co K.S.C.P LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al-Mazaya Holding Co K.S.C.P'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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Al-Mazaya Holding Co K.S.C.P LT-Debt-to-Total-Asset Chart

Al-Mazaya Holding Co K.S.C.P Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.45

0.51

0.57

0.56

Al-Mazaya Holding Co K.S.C.P Quarterly Data
	Jun19	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															0.57	0.58	0.56	0.56	0.56

Al-Mazaya Holding Co K.S.C.P LT-Debt-to-Total-Asset Calculation

Al-Mazaya Holding Co K.S.C.P'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 )
	=	91.65	/	164.451
	=	0.56

Al-Mazaya Holding Co K.S.C.P'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 )
	=	85.841	/	152.125
	=	0.56

Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) 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-Mazaya Holding Co K.S.C.P LT-Debt-to-Total-Asset Related Terms

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Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MAZAYA:United Arab Emirates

Address

Al-Mazaya Tower 01, P.O. Box 3546, 1 - 23th Floor, Al Murqab, Safat, Kuwait, KWT, 13036

Website

http://www.mazayaholding.com

Al-Mazaya Holding Co K.S.C.P is engaged in real estate development and investment activities. It provides real estate products and services in several fields, including housing projects, such as deluxe villas and high-class residential buildings, and commercial projects, such as office and retail buildings. The company is also engaged in other real estate fields to include purchasing, ownership, and selling of lands and their development for the account of the company inside and outside of Kuwait. Its geographical segments include Kuwait; United Arab Emirates (UAE); Kingdom of Saudi Arabia (KSA), Turkey and other countries. The company derives a majority of revenue from the United Arab Emirates.

Al-Mazaya Holding Co K.S.C.P (KUW:MAZAYA) Headlines

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