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National Shipping Company ofudi Arabia (SAU:4030) LT-Debt-to-Total-Asset : 0.33 (As of Dec. 2024)


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What is National Shipping Company ofudi Arabia 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. National Shipping Company ofudi Arabia's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.33.

National Shipping Company ofudi Arabia's long-term debt to total assets ratio increased from Dec. 2023 (0.33) to Dec. 2024 (0.33). It may suggest that National Shipping Company ofudi Arabia is progressively becoming more dependent on debt to grow their business.


National Shipping Company ofudi Arabia LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Shipping Company ofudi Arabia'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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National Shipping Company ofudi Arabia LT-Debt-to-Total-Asset Chart

National Shipping Company ofudi Arabia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.39 0.23 0.39 0.33 0.33

National Shipping Company ofudi Arabia Quarterly Data
Mar20 Jun20 Sep20 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 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 0.33 0.32 0.32 0.32 0.33

National Shipping Company ofudi Arabia LT-Debt-to-Total-Asset Calculation

National Shipping Company ofudi Arabia'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 )
=8828.699/26608.933
=0.33

National Shipping Company ofudi Arabia'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 )
=8828.699/26608.933
=0.33

* 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.


National Shipping Company ofudi Arabia  (SAU:4030) 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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National Shipping Company ofudi Arabia Business Description

Traded in Other Exchanges
N/A
Address
Olaya Towers, Tower B, P.O. Box 8931, 12th - 15th Floor, Olaya District, Riyadh, SAU, 12213
National Shipping Company of Saudi Arabia engaged in purchasing, selling and operating vessels for the coordination of transport & storage on board vessels, transportation of cargo, cargo clearance, agencies for maritime shipping companies and all marine transport activities. The Group performs its operations through four segments which are Transportation of oil, Transportation of chemicals, Logistics and Transportation of dry bulk. The company earns maximum revenue from the Transportation of oil.

National Shipping Company ofudi Arabia Headlines

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