Gulf General Cooperative Insurance Co (SAU:8260) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Gulf General Cooperative Insurance 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. Gulf General Cooperative Insurance Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Gulf General Cooperative Insurance Co's long-term debt to total assets ratio increased from Sep. 2023 (0.01) to Sep. 2024 (0.01). It may suggest that Gulf General Cooperative Insurance Co is progressively becoming more dependent on debt to grow their business.

Gulf General Cooperative Insurance Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gulf General Cooperative Insurance 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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Gulf General Cooperative Insurance Co LT-Debt-to-Total-Asset Chart

Gulf General Cooperative Insurance Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Gulf General Cooperative Insurance 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															0.01	0.01	0.01	0.01	0.01

Gulf General Cooperative Insurance Co LT-Debt-to-Total-Asset Calculation

Gulf General Cooperative Insurance 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 )
	=	4.518	/	490.197
	=	0.01

Gulf General Cooperative Insurance 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 )
	=	4.464	/	492.032
	=	0.01

Gulf General Cooperative Insurance Co (SAU:8260) 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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Gulf General Cooperative Insurance Co Business Description

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Address

Ameer Al Shoura'a Street, Off Medina Road, Al Gheithy Plaza, 2nd Floor, P.O. Box 1866, Jeddah, SAU, 21441

Website

https://www.ggi-sa.com

Gulf General Cooperative Insurance Co provides insurance and related services. Its principal lines of business include the provision of insurance services in the areas of Motor, Medical, Accident and Liability, Marine, Property and Engineering.

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