Metal & Recycling Co (KUW:MRC) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Metal & Recycling 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. Metal & Recycling Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.29.

Metal & Recycling Co's long-term debt to total assets ratio increased from Dec. 2023 (0.26) to Dec. 2024 (0.29). It may suggest that Metal & Recycling Co is progressively becoming more dependent on debt to grow their business.

Metal & Recycling Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Metal & Recycling 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.

Metal & Recycling Co LT-Debt-to-Total-Asset Chart

Metal & Recycling Co Annual Data

Trend

Dec13

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.11

0.26

0.30

0.26

0.29

Metal & Recycling 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															0.26	0.28	0.28	0.27	0.29

Metal & Recycling Co LT-Debt-to-Total-Asset Calculation

Metal & Recycling 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 )
	=	9.583	/	33.419
	=	0.29

Metal & Recycling 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 )
	=	9.583	/	33.419
	=	0.29

Metal & Recycling Co (KUW:MRC) 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.

Metal & Recycling Co LT-Debt-to-Total-Asset Related Terms

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

Metal & Recycling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Metal & Recycling Co (KUW:MRC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Mina Abdullah region, Location No. 4, P.O Box - 4520, Safat, Kuwait City, KWT, 13046

Website

http://www.mrckw.com

Metal & Recycling Co is a Kuwait based eco-industrial company. It principally offers sustainable waste management, recycling and industrial solutions to government, oil and gas, petrochemicals, manufacturing and commercial clients.