Al Hassan Ghazi Ibrahim Shaker (SAU:1214) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Al Hassan Ghazi Ibrahim Shaker 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 Ghazi Ibrahim Shaker's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Al Hassan Ghazi Ibrahim Shaker's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Al Hassan Ghazi Ibrahim Shaker is progressively becoming less dependent on debt to grow their business.

Al Hassan Ghazi Ibrahim Shaker LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Hassan Ghazi Ibrahim Shaker'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 Ghazi Ibrahim Shaker LT-Debt-to-Total-Asset Chart

Al Hassan Ghazi Ibrahim Shaker Annual Data

Trend

Dec12

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

0.05

0.01

Al Hassan Ghazi Ibrahim Shaker Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Al Hassan Ghazi Ibrahim Shaker LT-Debt-to-Total-Asset Calculation

Al Hassan Ghazi Ibrahim Shaker'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 )
	=	11.229	/	1508.825
	=	0.01

Al Hassan Ghazi Ibrahim Shaker's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	11.365	/	1675.18
	=	0.01

Al Hassan Ghazi Ibrahim Shaker (SAU:1214) 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 Ghazi Ibrahim Shaker LT-Debt-to-Total-Asset Related Terms

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Al Hassan Ghazi Ibrahim Shaker (SAU:1214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Al Hassan Ghazi Ibrahim Shaker (SAU:1214) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahad Road, Near the Raval Tower, P.O.Box 5124, Shaker Group Building, Alsahafa District, Riyadh, SAU, 11422

Website

https://www.shaker.com.sa

Al Hassan Ghazi Ibrahim Shaker is engaged in the trading and wholesale parts, electronic equipment, household equipment and air-conditioners, and maintenance. It also provides agency services for companies in the same business. The company trades for the brands like LG, maytag, Ariston, Indesit, Midea, and Kitchen aid.

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