Tanmiah Food Co (SAU:2281) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Tanmiah Food 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. Tanmiah Food Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.30.

Tanmiah Food Co's long-term debt to total assets ratio increased from Dec. 2023 (0.23) to Dec. 2024 (0.30). It may suggest that Tanmiah Food Co is progressively becoming more dependent on debt to grow their business.

Tanmiah Food Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tanmiah Food 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.

* Premium members only.

Tanmiah Food Co LT-Debt-to-Total-Asset Chart

Tanmiah Food Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.10

0.13

0.17

0.23

0.30

Tanmiah Food Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.23	0.25	0.27	0.30	0.30

Tanmiah Food Co LT-Debt-to-Total-Asset Calculation

Tanmiah Food Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	828.292	/	2795.489
	=	0.30

Tanmiah Food Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	828.292	/	2795.489
	=	0.30

Tanmiah Food Co (SAU:2281) 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.

Tanmiah Food Co LT-Debt-to-Total-Asset Related Terms

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

Tanmiah Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Tanmiah Food Co (SAU:2281) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Ar Rahmaniyah, Riyadh, SAU, 12341

Website

https://www.tanmiah.com

Tanmiah Food Co produces and markets ready-to-cook, ready-to-eat, and bespoke poultry, turkey, and beef products. Its Business is engaged in Food and Agriculture and the Construction of poultry farms. The Food and Agriculture business includes manufacturing, wholesale, and retail trading in foodstuff, and preparation of animal and poultry feeds for commercial purposes. It also undertakes the construction of poultry farms, retail and wholesale trading in poultry equipment, and restaurant outlets with related services. Geographically it operates in the Kingdom of Saudi Arabia, the Kingdom of Bahrain, UAE, and other GCC countries out of which it earns key revenue from domestic sales.

Tanmiah Food Co Headlines

No Headlines