Fawaz Abdulaziz AlHokair Co (SAU:4240) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Fawaz Abdulaziz AlHokair 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. Fawaz Abdulaziz AlHokair Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Fawaz Abdulaziz AlHokair Co's long-term debt to total assets ratio increased from Sep. 2023 (0.30) to Sep. 2024 (0.31). It may suggest that Fawaz Abdulaziz AlHokair Co is progressively becoming more dependent on debt to grow their business.

Fawaz Abdulaziz AlHokair Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fawaz Abdulaziz AlHokair 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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Fawaz Abdulaziz AlHokair Co LT-Debt-to-Total-Asset Chart

Fawaz Abdulaziz AlHokair Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.60

0.64

0.35

0.31

Fawaz Abdulaziz AlHokair 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															0.30	0.31	0.33	0.32	0.31

Fawaz Abdulaziz AlHokair Co LT-Debt-to-Total-Asset Calculation

Fawaz Abdulaziz AlHokair 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 )
	=	1764.03	/	5757.623
	=	0.31

Fawaz Abdulaziz AlHokair 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 )
	=	1498.936	/	4812.637
	=	0.31

Fawaz Abdulaziz AlHokair Co (SAU:4240) 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.

Fawaz Abdulaziz AlHokair Co LT-Debt-to-Total-Asset Related Terms

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Fawaz Abdulaziz AlHokair Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Fawaz Abdulaziz AlHokair Co (SAU:4240) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Prince Turki Ibn Abdulaziz Al Awwal Road, P.O. Box 4925, U-Walk, A3 Building, 1st Floor, University Walk Beside Muvi Cinema, Riyadh, SAU, 12373

Website

https://www.fahretail.com

Fawaz Abdulaziz AlHokair Co is a Saudi Joint Stock company. The company engages in wholesale and retail trading of ready-made cloth for men, women, and children, shoes, textiles, house and office furniture, perfumes, natural cosmetics, ornaments and beauty materials and their compounds, and traditional jewelry. The operating segments of the company include Fashion retail; Indoor entertainment and Food & Beverage. The company generates maximum revenue from the Fashion retail segment. Geographically, it derives a majority of its revenue from the Kingdom of Saudi Arabia.

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