Muscat City Desalination CoOG (MUS:MCDE) LT-Debt-to-Total-Asset : 0.55 (As of Dec. 2024)

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What is Muscat City Desalination 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. Muscat City Desalination CoOG's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.55.

Muscat City Desalination CoOG's long-term debt to total assets ratio declined from Dec. 2023 (0.59) to Dec. 2024 (0.55). It may suggest that Muscat City Desalination CoOG is progressively becoming less dependent on debt to grow their business.

Muscat City Desalination CoOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Muscat City Desalination 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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Muscat City Desalination CoOG LT-Debt-to-Total-Asset Chart

Muscat City Desalination CoOG Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.67

0.64

0.61

0.59

0.55

Muscat City Desalination CoOG 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															0.59	0.58	0.57	0.56	0.55

Muscat City Desalination CoOG LT-Debt-to-Total-Asset Calculation

Muscat City Desalination CoOG'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 )
	=	45.661	/	83.811
	=	0.54

Muscat City Desalination CoOG'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 )
	=	45.661	/	83.811
	=	0.54

Muscat City Desalination CoOG (MUS:MCDE) 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.

Muscat City Desalination CoOG LT-Debt-to-Total-Asset Related Terms

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Muscat City Desalination CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Muscat City Desalination Co SAOG (MUS:MCDE) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ghubrah, P.O. Box 1935, Muscat, OMN, 114

Website

https://www.mcdcoman.com

Muscat City Desalination Co SAOG is engaged in owning, developing, and operating water projects and selling desalinated water. The company focuses on providing clean drinking water by operating Al Ghubrah independent water project. Water sales take place in the Sultanate of Oman. The Company's revenue stream comprises water capacity investment charge, water capacity operation and maintenance charge, water output operation and maintenance charge, and electricity charges.

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