Riyad REIT Fund (SAU:4330) LT-Debt-to-Total-Asset : 0.36 (As of Jun. 2024)

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What is Riyad REIT Fund 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. Riyad REIT Fund's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.36.

Riyad REIT Fund's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.36). It may suggest that Riyad REIT Fund is progressively becoming more dependent on debt to grow their business.

Riyad REIT Fund LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riyad REIT Fund'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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Riyad REIT Fund LT-Debt-to-Total-Asset Chart

Riyad REIT Fund Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.33

0.47

Riyad REIT Fund Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.31	0.47	-	0.47	0.36

Riyad REIT Fund LT-Debt-to-Total-Asset Calculation

Riyad REIT Fund'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 )
	=	1434.644	/	3040.879
	=	0.47

Riyad REIT Fund's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1084.624	/	3013.607
	=	0.36

Riyad REIT Fund (SAU:4330) 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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Riyad REIT Fund Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Riyad REIT Fund (SAU:4330) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2414 - Al Shohda District, Unit No. 69, Riyadh, SAU, 13241- 7279

Website

https://www.riyadcapital.com

Riyad REIT Fund is a Shariah-compliant real estate investment income fund. It acquires, maintains, owns, and develops a portfolio of income-producing real estate assets. The primary investment objective of the REIT is to provide unitholders with current income by investing in income-producing real estate assets in Saudi Arabia.

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