Arabian Mills For Food Products Co (SAU:2285) LT-Debt-to-Total-Asset : 0.48 (As of Dec. 2024)

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What is Arabian Mills For Food Products 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. Arabian Mills For Food Products Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.48.

Arabian Mills For Food Products Co's long-term debt to total assets ratio declined from Dec. 2023 (0.58) to Dec. 2024 (0.48). It may suggest that Arabian Mills For Food Products Co is progressively becoming less dependent on debt to grow their business.

Arabian Mills For Food Products Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arabian Mills For Food Products 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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Arabian Mills For Food Products Co LT-Debt-to-Total-Asset Chart

Arabian Mills For Food Products Co Annual Data

Trend

Dec23

Dec24

LT-Debt-to-Total-Asset

0.58

0.48

Arabian Mills For Food Products Co Quarterly Data
	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.58	0.55	0.53	0.51	0.48

Arabian Mills For Food Products Co LT-Debt-to-Total-Asset Calculation

Arabian Mills For Food Products 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 )
	=	1088.498	/	2279.098
	=	0.48

Arabian Mills For Food Products 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 )
	=	1088.498	/	2279.098
	=	0.48

Arabian Mills For Food Products Co (SAU:2285) 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.

Arabian Mills For Food Products Co LT-Debt-to-Total-Asset Related Terms

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Arabian Mills For Food Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Arabian Mills For Food Products Co (SAU:2285) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jabal Abu Zawalah Street, PO Box 6868, Building no. 5252, Al Manakh District, Riyadh, SAU, 14313

Website

https://www.arabianmills.com

Arabian Mills For Food Products Co is engaged in producing and grinding wheat and feed products throughout the Kingdom. Its commercial activities include Packing and grinding wheat, packing and grinding grits, semolina, and bulgur, manufacture of concentrated feed for animals, manufacture of livestock feed, wholesale of bakery products, trade of specialty and healthy foods, land transportation of goods, storage in ports and customs or free zones, and integrated office administrative services activities. The operations of the Company are in the Kingdom of Saudi Arabia in three branches: Riyadh, Hail and Jazzan. Key revenue is generated from Riyadh.

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