The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is The Mediterranean and Gulf Insurance and Reinsurance 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. The Mediterranean and Gulf Insurance and Reinsurance Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

The Mediterranean and Gulf Insurance and Reinsurance Co's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that The Mediterranean and Gulf Insurance and Reinsurance Co is progressively becoming less dependent on debt to grow their business.

The Mediterranean and Gulf Insurance and Reinsurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for The Mediterranean and Gulf Insurance and Reinsurance 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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The Mediterranean and Gulf Insurance and Reinsurance Co LT-Debt-to-Total-Asset Chart

The Mediterranean and Gulf Insurance and Reinsurance Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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The Mediterranean and Gulf Insurance and Reinsurance Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	-	-

The Mediterranean and Gulf Insurance and Reinsurance Co LT-Debt-to-Total-Asset Calculation

The Mediterranean and Gulf Insurance and Reinsurance 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 )
	=	1.088	/	3120.006
	=	0.00

The Mediterranean and Gulf Insurance and Reinsurance Co'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 )
	=	1.143	/	3026.587
	=	0.00

The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) 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.

The Mediterranean and Gulf Insurance and Reinsurance Co LT-Debt-to-Total-Asset Related Terms

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The Mediterranean and Gulf Insurance and Reinsurance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Mediterranean and Gulf Insurance and Reinsurance Co (SAU:8030) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Saud Road, P.O. Box 2302, Medgulf Insurance Futuro Tower, Riyadh, SAU, 11451

Website

https://www.medgulf.com.sa

The Mediterranean and Gulf Insurance and Reinsurance Co is a Saudi Arabian insurance company with objectives to transact in cooperative insurance and reinsurance business and related activities. Its principal lines of business include medical, motor and other general insurance. It has three reportable operating segments: Medical insurance, which is the key revenue driver, covers medical costs, medicines, and all other medical services and supplies; Motor Insurance, which provides coverage against losses and liability related to motor vehicles; and Others.

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