Herfy Food Services Co (SAU:6002) LT-Debt-to-Total-Asset : 0.25 (As of Sep. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Herfy Food Services 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. Herfy Food Services Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.25.

Herfy Food Services Co's long-term debt to total assets ratio declined from Sep. 2023 (0.28) to Sep. 2024 (0.25). It may suggest that Herfy Food Services Co is progressively becoming less dependent on debt to grow their business.

Herfy Food Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Herfy Food Services 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.

* Premium members only.

Herfy Food Services Co LT-Debt-to-Total-Asset Chart

Herfy Food Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.27

0.32

0.29

0.28

0.27

Herfy Food Services 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	0.25	0.25	0.25

Herfy Food Services Co LT-Debt-to-Total-Asset Calculation

Herfy Food Services 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 )
	=	515.382	/	1906.672
	=	0.27

Herfy Food Services 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 )
	=	454.193	/	1803.796
	=	0.25

Herfy Food Services Co (SAU:6002) 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.

Herfy Food Services Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Herfy Food Services Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Herfy Food Services Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Herfy Food Services Co (SAU:6002) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh-Mourouj Quarter, P.O. Box 86958, Al Moroug District, Al Riyadh, SAU, 11632

Website

https://www.herfy.com

Herfy Food Services Co establishes, operates, and franchises restaurants in the Kingdom of Saudi Arabia. Its restaurants offer cooked meals to companies and others providing catering services; manufactures and sells meat products, as well as bakery and pastry, and sweets and chocolate products; and operates bakeries. In addition, it purchases and sells land for constructing buildings; and owns, uses, maintains, and leases stores and food store fridges. The Company operates in three business segments: Restaurants, Meat factory; and Bakeries. Restaurants, which derives the maximum revenue is involved in providing catering services, operating of restaurants and renting out investment properties.

Herfy Food Services Co Headlines

No Headlines