Qassim Cement Co (SAU:3040) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Qassim Cement 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. Qassim Cement Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Qassim Cement Co's long-term debt to total assets ratio increased from Sep. 2023 (0.00) to Sep. 2024 (0.00). It may suggest that Qassim Cement Co is progressively becoming more dependent on debt to grow their business.

Qassim Cement Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qassim Cement 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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Qassim Cement Co LT-Debt-to-Total-Asset Chart

Qassim Cement Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Qassim Cement Co 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															-	-	-	-	-

Qassim Cement Co LT-Debt-to-Total-Asset Calculation

Qassim Cement 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 )
	=	0	/	1804.806
	=	0.00

Qassim Cement Co'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 )
	=	8.299	/	3069.906
	=	0.00

Qassim Cement Co (SAU:3040) 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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Qassim Cement Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Qassim Cement Co (SAU:3040) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Tarafiyyah Road, Unit No. 1, Building No. 4266, Buraydah, SAU, 52271-6735

Website

https://www.qcc.com.sa

Qassim Cement Co is engaged in manufacturing and producing cement. The company produces Ordinary Portland Cement, European standard Portland Cement, Sulphate Resistant Cement, and Limestone Cement - Finishing Cement.

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