Bin Dawood Holding (SAU:4161) LT-Debt-to-Total-Asset : 0.35 (As of Mar. 2024)

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What is Bin Dawood Holding 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. Bin Dawood Holding's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.35.

Bin Dawood Holding's long-term debt to total assets ratio declined from Mar. 2023 (0.39) to Mar. 2024 (0.35). It may suggest that Bin Dawood Holding is progressively becoming less dependent on debt to grow their business.

Bin Dawood Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bin Dawood Holding'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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Bin Dawood Holding LT-Debt-to-Total-Asset Chart

Bin Dawood Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.48

0.45

0.41

0.38

Bin Dawood Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.39	0.40	0.39	0.38	0.35

Bin Dawood Holding LT-Debt-to-Total-Asset Calculation

Bin Dawood Holding'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 )
	=	1878.487	/	4986.345
	=	0.38

Bin Dawood Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1813.341	/	5254.452
	=	0.35

Bin Dawood Holding (SAU:4161) 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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Bin Dawood Holding (SAU:4161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Bin Dawood Holding (SAU:4161) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Madinah Al-Munawarah Road, Al Naeem, Jeddah, SAU, 21530

Website

https://www.bindawoodholding.com

Bin Dawood Holding is the grocery retail operator of hypermarkets and supermarkets in Saudi Arabia. The company's Stores comprise trading of FMCG, fresh Food Products, and Non-Food Products, including household consumable items, as well as the ownership and management of in-store bakeries.

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