Alandalus Property Co (SAU:4320) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)

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What is Alandalus Property 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. Alandalus Property Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

Alandalus Property Co's long-term debt to total assets ratio increased from Sep. 2023 (0.40) to Sep. 2024 (0.41). It may suggest that Alandalus Property Co is progressively becoming more dependent on debt to grow their business.

Alandalus Property Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alandalus Property 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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Alandalus Property Co LT-Debt-to-Total-Asset Chart

Alandalus Property Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.32

0.33

0.34

0.40

Alandalus Property 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															0.40	0.40	0.40	0.40	0.41

Alandalus Property Co LT-Debt-to-Total-Asset Calculation

Alandalus Property 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 )
	=	896.527	/	2259.446
	=	0.40

Alandalus Property 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 )
	=	944.632	/	2282.128
	=	0.41

Alandalus Property Co (SAU:4320) 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.

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Alandalus Property Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Alandalus Property Co (SAU:4320) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Northern Ring Branch Road, Al-Andalus Property Company Building, P.O. Box 260020, Al Wadi District, Riyadh, SAU, 11342

Website

https://www.alandalus.com.sa

Alandalus Property Co is a real estate development company based in Saudi Arabia. The main activities of the Company include construction, ownership and management of centers, commercial and residential complexes in addition to general contracting of residential, commercial buildings, educational, recreational, health institutions, roads, dams, water and sewage projects, electrical and mechanical works. The activities also include maintenance and operation of real estate properties, buildings and commercial complexes as well as ownership, development and investment of lands and properties for the benefit of the Company and based on its purposes.

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