Al Yamamah Steel Industries Co (SAU:1304) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Al Yamamah Steel Industries Co 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 Yamamah Steel Industries Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Al Yamamah Steel Industries Co's long-term debt to total assets ratio increased from Dec. 2023 (0.07) to Dec. 2024 (0.07). It may suggest that Al Yamamah Steel Industries Co is progressively becoming more dependent on debt to grow their business.

Al Yamamah Steel Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Yamamah Steel Industries Co'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 Yamamah Steel Industries Co LT-Debt-to-Total-Asset Chart

Al Yamamah Steel Industries Co Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.04

0.02

0.06

0.07

Al Yamamah Steel Industries Co 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															0.07	0.06	0.07	0.07	0.07

Al Yamamah Steel Industries Co LT-Debt-to-Total-Asset Calculation

Al Yamamah Steel Industries Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	131.936	/	1784.512
	=	0.07

Al Yamamah Steel Industries Co'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 )
	=	132.575	/	1813.632
	=	0.07

Al Yamamah Steel Industries Co (SAU:1304) 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.

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Al Yamamah Steel Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Al Yamamah Steel Industries Co (SAU:1304) » Definitions » LT-Debt-to-Total-Asset

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Address

6th Floor, Building 2, Office No. 6201, P.O. Box 55303, Aqaria Asteen, Riyadh, SAU, 11583

Website

https://www.yamsteel.com

Al Yamamah Steel Industries Co is a manufacturer of tubes, pipes and hollow shapes from iron, metal structures and their parts for bridges and towers, poles and their parts, including poles, lighting cabins, traffic lights, etc. and installation of prefabricated steel structures for industrial facilities. The company produces and sells steel welded tubes, steel sheets, steel reinforcement bars, and three-dimension space structures. The company's operating segments include Construction, Electricity and Renewable Energy. It generates maximum revenue from the Construction segment.The company has production facilities at Jeddah, Dammam and Yanbu.

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