Al Hassan Engineering CoOG (MUS:HECI) LT-Debt-to-Total-Asset : 2.02 (As of Dec. 2020)

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What is Al Hassan Engineering CoOG 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 Hassan Engineering CoOG's long-term debt to total assests ratio for the quarter that ended in Dec. 2020 was 2.02.

Al Hassan Engineering CoOG's long-term debt to total assets ratio increased from Dec. 2018 (0.87) to Dec. 2020 (2.02). It may suggest that Al Hassan Engineering CoOG is progressively becoming more dependent on debt to grow their business.

Al Hassan Engineering CoOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Hassan Engineering CoOG'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 Hassan Engineering CoOG LT-Debt-to-Total-Asset Chart

Al Hassan Engineering CoOG Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.73

0.87

2.02

Al Hassan Engineering CoOG Semi-Annual Data
	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										-	0.73	0.87	0.87	2.02

Al Hassan Engineering CoOG LT-Debt-to-Total-Asset Calculation

Al Hassan Engineering CoOG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	41.267	/	20.484
	=	2.01

Al Hassan Engineering CoOG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (Q: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2020 )	/	Total Assets (Q: Dec. 2020 )
	=	41.267	/	20.484
	=	2.01

Al Hassan Engineering CoOG (MUS:HECI) 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 Hassan Engineering CoOG LT-Debt-to-Total-Asset Related Terms

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Al Hassan Engineering CoOG (MUS:HECI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Al Hassan Engineering Co SAOG (MUS:HECI) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Ruwi, P.O Box 1948, Muscat, OMN, 112

Website

http://www.al-hassan.com

Al Hassan Engineering Co SAOG is a contracting company providing electrical, mechanical, instrumentation and civil contracting services to the Oil, Gas and Petrochemicals, Power, Water and Wastewater sectors. The company also provides fabrication that includes design, fabrication, and repair of pressure vessels and boilers and maintenance services across all sectors. It derives its revenues from the contracting services it provides to various sectors.

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