Al Majed For Oud Co (SAU:4165) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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What is Al Majed For Oud 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 Majed For Oud Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

Al Majed For Oud Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Sep. 2024 (0.20). It may suggest that Al Majed For Oud Co is progressively becoming more dependent on debt to grow their business.

Al Majed For Oud Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Al Majed For Oud 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 Majed For Oud Co LT-Debt-to-Total-Asset Chart

Al Majed For Oud Co Annual Data

Trend

LT-Debt-to-Total-Asset

Al Majed For Oud Co Quarterly Data
	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	0.17	0.19	0.20

Al Majed For Oud Co LT-Debt-to-Total-Asset Calculation

Al Majed For Oud Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Al Majed For Oud 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 )
	=	149.88	/	751.493
	=	0.20

Al Majed For Oud Co (SAU:4165) 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 Majed For Oud Co LT-Debt-to-Total-Asset Related Terms

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Al Majed For Oud Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Al Majed For Oud Co (SAU:4165) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8279 Al Hofuf Street, Unit No. 2, Al-Sahafa District, Riyadh, SAU, 4299 13321

Website

https://almajed4oud.com

Al Majed For Oud Co is engaged in the perfume industry. Its activities include wholesale and retail trade in oud, musk, incense, saffron, oriental and western perfumes, cosmetics, bags, glasses, antiques, gifts, and ornamental flowers. The group's products are Perfumes, Perfume Oil, Oud & Incense, freshener, Saffron, and Others.

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