Red Sea International Co (SAU:4230) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Red Sea International 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. Red Sea International Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Red Sea International Co's long-term debt to total assets ratio declined from Sep. 2023 (0.31) to Sep. 2024 (0.08). It may suggest that Red Sea International Co is progressively becoming less dependent on debt to grow their business.

Red Sea International Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Red Sea International 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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Red Sea International Co LT-Debt-to-Total-Asset Chart

Red Sea International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.04

0.10

Red Sea International Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.10	0.10	0.10	0.08

Red Sea International Co LT-Debt-to-Total-Asset Calculation

Red Sea International 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 )
	=	250.974	/	2481.938
	=	0.10

Red Sea International 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 )
	=	231.321	/	2843.643
	=	0.08

Red Sea International Co (SAU:4230) 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.

Red Sea International Co LT-Debt-to-Total-Asset Related Terms

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Red Sea International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Red Sea International Co (SAU:4230) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Airport street, Riyadh Front, P.O Box 9371, Al-Rimal District, Riyadh, SAU, 21431

Website

https://www.redseahousing.com

Red Sea International Co provides modular living and working environments for industrial and residential communities. It provides civil contracting for commercial and residential buildings; offers real estate property investment and development; production of paints, coatings, construction machinery, and equipment; repair and maintenance services. The company has three reportable segments: Non-concrete residential and commercial buildings being the highest revenue driver; Rentals from investment properties; Paints and related services. It has a presence in Saudi Arabia, Ghana, United Arab Emirates, Papua New Guinea, Algeria, and others.

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