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

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Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.39

0.23

0.39

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															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

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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » National Shipping Company of Saudi Arabia (SAU:4030) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Olaya Towers, Tower B, P.O. Box 8931, 12th - 15th Floor, Olaya District, Riyadh, SAU, 12213

Website

https://www.bahri.sa

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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