Al Omaniya Financial ServicesOG (MUS:AOFS) LT-Debt-to-Total-Asset : 0.60 (As of Dec. 2022)

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What is Al Omaniya Financial ServicesOG 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 Omaniya Financial ServicesOG's long-term debt to total assests ratio for the quarter that ended in Dec. 2022 was 0.60.

Al Omaniya Financial ServicesOG's long-term debt to total assets ratio increased from Dec. 2020 (0.60) to Dec. 2022 (0.60). It may suggest that Al Omaniya Financial ServicesOG is progressively becoming more dependent on debt to grow their business.

Al Omaniya Financial ServicesOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Omaniya Financial ServicesOG'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 Omaniya Financial ServicesOG LT-Debt-to-Total-Asset Chart

Al Omaniya Financial ServicesOG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.66

0.67

0.60

Al Omaniya Financial ServicesOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.66	0.67	0.60	0.60	0.60

Al Omaniya Financial ServicesOG LT-Debt-to-Total-Asset Calculation

Al Omaniya Financial ServicesOG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	123.832	/	206.589
	=	0.60

Al Omaniya Financial ServicesOG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (Q: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2022 )	/	Total Assets (Q: Dec. 2022 )
	=	123.832	/	206.589
	=	0.60

Al Omaniya Financial ServicesOG (MUS:AOFS) 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 Omaniya Financial ServicesOG LT-Debt-to-Total-Asset Related Terms

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Al Omaniya Financial ServicesOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Al Omaniya Financial Services SAOG (MUS:AOFS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jibroo, P.O. Box 1087, Muscat, OMN, 114

Website

https://www.aofsoman.com

Al Omaniya Financial Services SAOG is involved in capital markets that provide Corporate loans, Retail Asset Financing which provides specialized finance products for the self-employed, salaried individuals, transport operators, small and large businesses, and Micro Credit. The company is also involved in hire purchase and lease finance for motor vehicles and other assets, debt factoring, bill discounting, bridge loans, working capital loans, and project and construction loans.

Al Omaniya Financial ServicesOG Headlines

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