Ban Group Holding Co (SAU:1820) LT-Debt-to-Total-Asset : 0.58 (As of Sep. 2024)

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What is Ban Group Holding 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. Ban Group Holding Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.58.

Ban Group Holding Co's long-term debt to total assets ratio increased from Sep. 2023 (0.56) to Sep. 2024 (0.58). It may suggest that Ban Group Holding Co is progressively becoming more dependent on debt to grow their business.

Ban Group Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ban Group Holding 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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Ban Group Holding Co LT-Debt-to-Total-Asset Chart

Ban Group Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.59

0.53

0.56

0.58

0.60

Ban Group Holding Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.56	0.60	0.58	0.58	0.58

Ban Group Holding Co LT-Debt-to-Total-Asset Calculation

Ban Group Holding Co'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 )
	=	1225.329	/	2047.092
	=	0.60

Ban Group Holding Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1157.913	/	1996.803
	=	0.58

Ban Group Holding Co (SAU:1820) 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.

Ban Group Holding Co LT-Debt-to-Total-Asset Related Terms

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Ban Group Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ban Group Holding Co (SAU:1820) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

North Ring between exit 4 and 5 after Double Tree Hilton, P.O. Box 57750, Al Murooj District, Riyadh, SAU, 11584

Website

https://www.alhokair.com

Ban Group Holding Co, formerly Abdul Mohsen Al-Hokair Group for Tourism and Development Company is engaged in the hospitality and entertainment industries in the Kingdom of Saudi Arabia. It operates and manages hotels, tourist resorts, shopping malls, restaurants, meetings, and events. Its reportable segment involves Hotels, Entertainment, and Others. It derives maximum revenue from the Entertainment segment.

Ban Group Holding Co Headlines

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