Alkhaleej Training and Education Co (SAU:4290) LT-Debt-to-Total-Asset : 0.42 (As of Sep. 2024)

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What is Alkhaleej Training and Education 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. Alkhaleej Training and Education Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.42.

Alkhaleej Training and Education Co's long-term debt to total assets ratio increased from Sep. 2023 (0.33) to Sep. 2024 (0.42). It may suggest that Alkhaleej Training and Education Co is progressively becoming more dependent on debt to grow their business.

Alkhaleej Training and Education Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alkhaleej Training and Education 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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Alkhaleej Training and Education Co LT-Debt-to-Total-Asset Chart

Alkhaleej Training and Education Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.37

0.34

0.37

0.44

Alkhaleej Training and Education 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															0.33	0.44	0.42	0.45	0.42

Alkhaleej Training and Education Co LT-Debt-to-Total-Asset Calculation

Alkhaleej Training and Education 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 )
	=	910.14	/	2059.748
	=	0.44

Alkhaleej Training and Education 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 )
	=	922.657	/	2189.111
	=	0.42

Alkhaleej Training and Education Co (SAU:4290) 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.

Alkhaleej Training and Education Co LT-Debt-to-Total-Asset Related Terms

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Alkhaleej Training and Education Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Alkhaleej Training and Education Co (SAU:4290) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Wadi Al-Thumamah, Building No. 8480, Unit No. 5, Olaya, Riyadh, SAU, 12213

Website

https://www.alkhaleej.com.sa

Alkhaleej Training and Education Co and its subsidiaries operate schools for primary and secondary education with an international curriculum, IT & Computer training institutes, teaching languages and communication skills institutes, providing high management consulting services, and integrated office administrative services. Its segments are Training (Computer & Language); University; Management Projects; Smart Link (Call centers) and Schools. It derives prime revenues from the Smart Link (Call centers) segment which provides management and operating services of customer service centers via telephone for a number of companies and bodies.

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