Maharah Human Resources Co (SAU:1831) LT-Debt-to-Total-Asset : 0.28 (As of Sep. 2024)

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What is Maharah Human Resources 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. Maharah Human Resources Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.28.

Maharah Human Resources Co's long-term debt to total assets ratio declined from Sep. 2023 (0.34) to Sep. 2024 (0.28). It may suggest that Maharah Human Resources Co is progressively becoming less dependent on debt to grow their business.

Maharah Human Resources Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Maharah Human Resources 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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Maharah Human Resources Co LT-Debt-to-Total-Asset Chart

Maharah Human Resources Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.35

0.33

Maharah Human Resources 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															0.34	0.33	0.34	0.29	0.28

Maharah Human Resources Co LT-Debt-to-Total-Asset Calculation

Maharah Human Resources 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 )
	=	574.202	/	1747.341
	=	0.33

Maharah Human Resources 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 )
	=	518.385	/	1845.859
	=	0.28

Maharah Human Resources Co (SAU:1831) 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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Maharah Human Resources Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Maharah Human Resources Co (SAU:1831) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Al Olaya Road, Al Yasmin District, Riyadh, SAU, 13325

Website

https://www.maharah.com

Maharah Human Resources Co is a Saudi Arabia-based company. The company engages in temporary employment agency activities for domestic services and temporary employment agency activities for foreign labor services. Its operating segment includes the Corporate Sector, Facility Management Sector, and Individual Sector. The company generates maximum revenue from the Corporate segment. Geographically, it derives a majority of revenue from KSA and also has a presence in UAE. It serves individuals, industrial and operation, retail, hospitality, healthcare, and commercial sectors.

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