Dar Alarkan Real Estate Development Co (SAU:4300) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)

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What is Dar Alarkan Real Estate Development 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. Dar Alarkan Real Estate Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Dar Alarkan Real Estate Development Co's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.21). It may suggest that Dar Alarkan Real Estate Development Co is progressively becoming less dependent on debt to grow their business.

Dar Alarkan Real Estate Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dar Alarkan Real Estate Development 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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Dar Alarkan Real Estate Development Co LT-Debt-to-Total-Asset Chart

Dar Alarkan Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.32

0.22

0.23

0.27

Dar Alarkan Real Estate Development 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															0.28	0.27	0.21	0.21	0.21

Dar Alarkan Real Estate Development Co LT-Debt-to-Total-Asset Calculation

Dar Alarkan Real Estate Development 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 )
	=	9032.365	/	33655.304
	=	0.27

Dar Alarkan Real Estate Development 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 )
	=	7305.231	/	34898.704
	=	0.21

Dar Alarkan Real Estate Development Co (SAU:4300) 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.

Dar Alarkan Real Estate Development Co LT-Debt-to-Total-Asset Related Terms

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Dar Alarkan Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Dar Alarkan Real Estate Development Co (SAU:4300) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

12622 Makkah Al Mukarramah Branch Road, Beside Riyadh Marriott Hotel, Al Wizarat, Riyadh, SAU, 11656

Website

https://www.daralarkan.com

Dar Alarkan Real Estate Development Company along with its subsidiaries is engaged in the business of development, sale and leasing of real estate projects and associated activities. The company operates in reportable segments namely, Development properties, Leasing of properties, and others. The majority of the revenue is generated from the development properties segment.

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