Al-Baha Investment & Development Co (SAU:4130) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Al-Baha Investment & Development 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. Al-Baha Investment & Development Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Al-Baha Investment & Development Co's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.04). It may suggest that Al-Baha Investment & Development Co is progressively becoming more dependent on debt to grow their business.

Al-Baha Investment & Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al-Baha Investment & Development 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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Al-Baha Investment & Development Co LT-Debt-to-Total-Asset Chart

Al-Baha Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.15

0.03

0.04

Al-Baha Investment & Development 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															0.03	0.03	0.04	0.04	0.04

Al-Baha Investment & Development Co LT-Debt-to-Total-Asset Calculation

Al-Baha Investment & Development 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 )
	=	9.406	/	269.344
	=	0.03

Al-Baha Investment & Development 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 )
	=	9.406	/	269.344
	=	0.03

Al-Baha Investment & Development Co (SAU:4130) 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.

Al-Baha Investment & Development Co LT-Debt-to-Total-Asset Related Terms

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Al-Baha Investment & Development Co (SAU:4130) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Al-Baha Investment & Development Co (SAU:4130) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, P.O. Box 448, Al Bahah, SAU, 22888

Website

https://albahacompany.com

Al-Baha Investment & Development Co is engaged in establishing, managing, operating and maintaining the central markets, commercial and residential complexes, hotels, furnished apartments, restaurants, cafes, buffets, bakeries, sweets, cooked and uncooked subsistence services, fuels stations, wholesale and retail sale of food stuff and building materials and iron, general contracting of buildings, electrical, electronic and mechanical works, management, maintenance of real estate, maintenance contracting, operation, cleaning and purchase and renting lands for constructing buildings on them and investing them by sale or rent for the benefit of the company.

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