Filing & Packing Materials Manufacturing Co. (SAU:2180) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Filing & Packing Materials Manufacturing 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. Filing & Packing Materials Manufacturing Co.'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Filing & Packing Materials Manufacturing Co.'s long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.12). It may suggest that Filing & Packing Materials Manufacturing Co. is progressively becoming less dependent on debt to grow their business.

Filing & Packing Materials Manufacturing Co. LT-Debt-to-Total-Asset Historical Data

The historical data trend for Filing & Packing Materials Manufacturing 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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Filing & Packing Materials Manufacturing Co. LT-Debt-to-Total-Asset Chart

Filing & Packing Materials Manufacturing Co. Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.15

0.17

0.21

0.18

0.15

Filing & Packing Materials Manufacturing Co. Quarterly Data
	Jun19	Sep19	Dec19	Mar20	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															0.14	0.15	0.12	0.15	0.12

Filing & Packing Materials Manufacturing Co. LT-Debt-to-Total-Asset Calculation

Filing & Packing Materials Manufacturing 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 )
	=	42.469	/	286.729
	=	0.15

Filing & Packing Materials Manufacturing Co.'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 )
	=	35.322	/	294.99
	=	0.12

Filing & Packing Materials Manufacturing Co. (SAU:2180) 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.

Filing & Packing Materials Manufacturing Co. LT-Debt-to-Total-Asset Related Terms

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Filing & Packing Materials Manufacturing Co. (SAU:2180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Filing & Packing Materials Manufacturing Co. (SAU:2180) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Industrial City, Phase 3, 38, P.O. Box 7306, Riyadh, SAU, 14335

Website

https://www.fipco.com.sa

Filing & Packing Materials Manufacturing Co produces polypropylene bags with coated and uncoated low-density polyethylene for heavy duty purposes as well as cable filler, Valve Cement bags, Leno bags, Rachel bags, Strapping bands, and Serving thread. Its products include Jumbo Bags, Small Bags, Fabrics, etc.

Filing & Packing Materials Manufacturing Co. (SAU:2180) Headlines

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