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Sahara International Petrochemical Co (SAU:2310) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)


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What is Sahara International Petrochemical 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. Sahara International Petrochemical Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Sahara International Petrochemical Co's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.10). It may suggest that Sahara International Petrochemical Co is progressively becoming less dependent on debt to grow their business.

Sahara International Petrochemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sahara International Petrochemical 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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Sahara International Petrochemical Co LT-Debt-to-Total-Asset Chart

Sahara International Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.29 0.23 0.20 0.14 0.10

Sahara International Petrochemical Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.12 0.11 0.11 0.10

Sahara International Petrochemical Co LT-Debt-to-Total-Asset Calculation

Sahara International Petrochemical 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 )
=2176.044/22023.899
=0.10

Sahara International Petrochemical Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=2176.044/22023.899
=0.10

* 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.

Sahara International Petrochemical Co  (SAU:2310) 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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Sahara International Petrochemical Co (SAU:2310) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sahara International Petrochemical Co (SAU:2310) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SAU:2290 SAU:2350 SAU:2330 SAU:2060 SAU:2001 SAU:1210 SAU:2210 SAU:9517 SAU:2010 TSE:4063 XTER:BAS DOW XKRX:051910 SZSE:002493 SHSE:600989 XKRX:086520 CE XKLS:5183 SZSE:002460 TPE:1326
Traded in Other Exchanges
N/A
Address
King Saud Road District, Sipchem Building, Al-Hada District, Al Khobar, SAU, 31952
Website
https://www.sipchem.com
Sahara International Petrochemical Co owns, operates and manages industrial projects relating to chemical and petrochemical industries. The company operating segments include Basic Chemicals, Intermediate Chemicals, Polymers, Trading and Corporate and others. It generates maximum revenue from the Trading segment. The company operates domestically and internationally. Its product portfolio consists of Methanol, Butanediol, Tetrahydrofuran, Acetic Acid, Acetic Anhydride, LDPE, EVA, Cross-Linkable LDPE, Semi Conductive LDPE, and PBT.

Sahara International Petrochemical Co (SAU:2310) Headlines

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