Mulkia Gulf Real Estate REIT (SAU:4336) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2024)

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What is Mulkia Gulf Real Estate REIT 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. Mulkia Gulf Real Estate REIT's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.37.

Mulkia Gulf Real Estate REIT's long-term debt to total assets ratio declined from Jun. 2023 (0.41) to Jun. 2024 (0.37). It may suggest that Mulkia Gulf Real Estate REIT is progressively becoming less dependent on debt to grow their business.

Mulkia Gulf Real Estate REIT LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mulkia Gulf Real Estate REIT'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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Mulkia Gulf Real Estate REIT LT-Debt-to-Total-Asset Chart

Mulkia Gulf Real Estate REIT Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.47

0.34

0.44

0.36

Mulkia Gulf Real Estate REIT Semi-Annual Data
	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									0.43	0.44	0.41	0.36	0.37

Mulkia Gulf Real Estate REIT LT-Debt-to-Total-Asset Calculation

Mulkia Gulf Real Estate REIT'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 )
	=	476.968	/	1310.578
	=	0.36

Mulkia Gulf Real Estate REIT'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 )
	=	476.911	/	1303.023
	=	0.37

Mulkia Gulf Real Estate REIT (SAU:4336) 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.

Mulkia Gulf Real Estate REIT LT-Debt-to-Total-Asset Related Terms

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Mulkia Gulf Real Estate REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Mulkia Gulf Real Estate REIT (SAU:4336) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Prince Mohammed Ibn Abdulaziz Road (Tahlia Street), P.O. Box 52775, Al-Olaya Area, Riyadh, SAU, 11573

Website

https://www.mulkia.com.sa

Mulkia Gulf Real Estate REIT is a closed-end real estate investment fund company. The objective of the Fund is to acquire pre-developed real estate properties to obtain regular rental income. The company is engaged in acquiring several income-generating real estate, which are under four specific real estate assets in cities within Saudi Arabia.

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