Mobile Telecommunications Co KSC (KUW:ZAIN) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

View and export this data going back to 1985. Start your Free Trial

What is Mobile Telecommunications 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. Mobile Telecommunications Co KSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Mobile Telecommunications Co KSC's long-term debt to total assets ratio declined from Sep. 2023 (0.26) to Sep. 2024 (0.21). It may suggest that Mobile Telecommunications Co KSC is progressively becoming less dependent on debt to grow their business.

Mobile Telecommunications Co KSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mobile Telecommunications 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.

* Premium members only.

Mobile Telecommunications Co KSC LT-Debt-to-Total-Asset Chart

Mobile Telecommunications Co KSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.29

0.24

0.22

0.25

0.26

Mobile Telecommunications Co KSC 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	0.26	0.26	0.28	0.21

Mobile Telecommunications Co KSC LT-Debt-to-Total-Asset Calculation

Mobile Telecommunications Co KSC'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 )
	=	1288.696	/	4995.696
	=	0.26

Mobile Telecommunications Co KSC'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 )
	=	1059.108	/	4944.635
	=	0.21

Mobile Telecommunications Co KSC (KUW:ZAIN) 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.

Mobile Telecommunications Co KSC LT-Debt-to-Total-Asset Related Terms

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

Mobile Telecommunications Co KSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Mobile Telecommunications Co KSC (KUW:ZAIN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shuwaikh, Airport Road, P.O. Box 22244, Beside United Arab Shipping Co., Safat, Kuwait, KWT, 13083

Website

https://www.zain.com

Mobile Telecommunications Co KSC is a mobile and data services operator. The company and its subsidiaries, along with associates, provide mobile telecommunication services. It operates, purchases, delivers, installs, and maintains mobile telephone and paging systems; and invests surplus funds in investment securities. The company and its subsidiaries operate in a single business segment, which is telecommunications & related services. Its geographical segments are Kuwait, Jordan, Bahrain, Sudan, Iraq, KSA and others.

Mobile Telecommunications Co KSC Headlines

No Headlines