Sohar Power CoOG (MUS:SHPS) LT-Debt-to-Total-Asset : 0.87 (As of Dec. 2021)

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What is Sohar Power 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. Sohar Power CoOG's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.87.

Sohar Power CoOG's long-term debt to total assets ratio increased from Jun. 2020 (0.48) to Dec. 2021 (0.87). It may suggest that Sohar Power CoOG is progressively becoming more dependent on debt to grow their business.

Sohar Power CoOG LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sohar Power 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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Sohar Power CoOG LT-Debt-to-Total-Asset Chart

Sohar Power CoOG Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.53

0.56

0.51

0.87

Sohar Power CoOG Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Sep21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.45	0.51	0.47	0.87

Sohar Power CoOG LT-Debt-to-Total-Asset Calculation

Sohar Power CoOG's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	34.195	/	39.464
	=	0.87

Sohar Power CoOG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	34.195	/	39.464
	=	0.87

Sohar Power CoOG (MUS:SHPS) 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.

Sohar Power CoOG LT-Debt-to-Total-Asset Related Terms

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Sohar Power CoOG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Sohar Power Co SAOG (MUS:SHPS) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jawharat Al Shatti, PO Box 147, Muscat, OMN, 134

Website

http://www.soharpower.com

Sohar Power Co SAOG owns and operates power generation and water desalination plant in the Sultanate of Oman. The company has built and owned the more than 550 plus megawatt electricity generation and a seawater desalination plant in Sohar.

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