Miahona Co (SAU:2084) LT-Debt-to-Total-Asset : 0.34 (As of Sep. 2024)

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What is Miahona 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. Miahona Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.34.

Miahona Co's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2024 (0.34). It may suggest that Miahona Co is progressively becoming more dependent on debt to grow their business.

Miahona Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Miahona 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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Miahona Co LT-Debt-to-Total-Asset Chart

Miahona Co Annual Data

Trend

LT-Debt-to-Total-Asset

Miahona Co Quarterly Data
	Jun23	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	-	-	0.42	0.34

Miahona Co LT-Debt-to-Total-Asset Calculation

Miahona Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Miahona 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 )
	=	361.889	/	1077.011
	=	0.34

Miahona Co (SAU:2084) 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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Miahona Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Miahona Co (SAU:2084) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

3769 Thumamah Road, Al Rabie District, Unit 30, Riyadh, SAU, 13316

Website

https://www.miahona.com

Miahona Co is a Company engaged in the transportation and distribution of water. Its activities involve operations of sewage treatment networks and facilities, General construction of non-residential buildings such as schools, hospitals, and hotels, water distribution stations and main lines, sewage plants and projects, sewage networks, and pumps.

Miahona Co Headlines

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