Alkhorayef Water & Power Technologies (SAU:2081) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Alkhorayef Water & Power Technologies 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. Alkhorayef Water & Power Technologies's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Alkhorayef Water & Power Technologies's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.06). It may suggest that Alkhorayef Water & Power Technologies is progressively becoming less dependent on debt to grow their business.

Alkhorayef Water & Power Technologies LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alkhorayef Water & Power Technologies'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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Alkhorayef Water & Power Technologies LT-Debt-to-Total-Asset Chart

Alkhorayef Water & Power Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.08

0.09

0.07

Alkhorayef Water & Power Technologies Quarterly Data
	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											0.12	0.10	0.09	0.07	0.06

Alkhorayef Water & Power Technologies LT-Debt-to-Total-Asset Calculation

Alkhorayef Water & Power Technologies'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 )
	=	118.297	/	1702.029
	=	0.07

Alkhorayef Water & Power Technologies'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 )
	=	102.299	/	1837.15
	=	0.06

Alkhorayef Water & Power Technologies (SAU:2081) 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.

Alkhorayef Water & Power Technologies LT-Debt-to-Total-Asset Related Terms

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Alkhorayef Water & Power Technologies (SAU:2081) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Alkhorayef Water & Power Technologies (SAU:2081) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Abdulaziz Road (North) Exit-5, Post Box No. 62637, AlNafal District, Riyadh, SAU, 11595

Website

https://www.awpt.com.sa

Alkhorayef Water & Power Technologies is a player in the Saudi Arabian water and wastewater market. Its business consists of three business divisions: Water segment; Wastewater segment; and Integrated solutions segment. It provides services including water withdrawal and treatment, water networks, wastewater networks, wastewater treatment, city management, stormwater network and lifting stations, and water management services.

Alkhorayef Water & Power Technologies (SAU:2081) Headlines

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