Rasan Information Technology Co (SAU:8313) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2024)

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What is Rasan Information Technology 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. Rasan Information Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.00.

Rasan Information Technology Co's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2024 (0.00). It may suggest that Rasan Information Technology Co is progressively becoming more dependent on debt to grow their business.

Rasan Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Rasan Information Technology 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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Rasan Information Technology Co LT-Debt-to-Total-Asset Chart

Rasan Information Technology Co Annual Data

Trend

LT-Debt-to-Total-Asset

Rasan Information Technology Co Quarterly Data
	Jun23	Sep23	Jun24	Sep24
LT-Debt-to-Total-Asset	-	-	-	-

Rasan Information Technology Co LT-Debt-to-Total-Asset Calculation

Rasan Information Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Rasan Information Technology 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 )
	=	2.522	/	662.267
	=	0.00

Rasan Information Technology Co (SAU:8313) 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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Rasan Information Technology Co Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3413, Al Thumama Road, 1st Floor, Al-Jadah Square, Qurtuba District, Riyadh, SAU, 13248

Website

https://www.rasan.co

Rasan Information Technology Co is engaged in online wholesale, electronic publishing, ready software publishing, systems analysis, design and customization of program software, software maintenance, web page design, setting up of web page hosting infrastructure, providing SMS design, and website design. Currently, it is engaged in providing insurance aggregator, online auto auction, and online leasing insurance services. The company's operating segments include Tameeni-Motors, Tameeni-Health, Leasing, Awal Mazad, and R Solutions. Maximum revenue is derived from the Tameeni Motors segment which offers a B2C digital platform providing vehicle owners access to motor insurers.

Rasan Information Technology Co Headlines

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