Wafrah for Industry and Development (SAU:2100) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

View and export this data going back to . Start your Free Trial

What is Wafrah for Industry and Development 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. Wafrah for Industry and Development's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Wafrah for Industry and Development's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Wafrah for Industry and Development is progressively becoming more dependent on debt to grow their business.

Wafrah for Industry and Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wafrah for Industry and Development'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.

* Premium members only.

Wafrah for Industry and Development LT-Debt-to-Total-Asset Chart

Wafrah for Industry and Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.20

0.15

0.09

0.02

Wafrah for Industry and Development 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															0.02	0.02	0.02	0.02	0.02

Wafrah for Industry and Development LT-Debt-to-Total-Asset Calculation

Wafrah for Industry and Development'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 )
	=	6.214	/	321.985
	=	0.02

Wafrah for Industry and Development'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 )
	=	6.303	/	334.851
	=	0.02

Wafrah for Industry and Development (SAU:2100) 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.

Wafrah for Industry and Development LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Wafrah for Industry and Development's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Wafrah for Industry and Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Wafrah for Industry and Development (SAU:2100) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O.Box 131, Riyadh, SAU, 11383

Website

https://www.wafrah.sa

Wafrah for Industry and Development is engaged in the manufacture, canning, preservation, processing, development, and marketing of food products for local and foreign markets. Its products include Pasta products, Frozen and cooked meat, Frozen potato chips, Peanut products, and Breakfast cereals, among others. The group had four reportable segments: The pasta sector, Vegetable sector, the Breakfast bans sector, and the Meat products sector. The company's operations are located in the Kingdom of Saudi Arabia.

Wafrah for Industry and Development Headlines

No Headlines