Natural Gas Distribution Co (SAU:9516) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Natural Gas Distribution 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. Natural Gas Distribution Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Natural Gas Distribution Co's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Jun. 2024 (0.00). It may suggest that Natural Gas Distribution Co is progressively becoming less dependent on debt to grow their business.

Natural Gas Distribution Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Natural Gas Distribution 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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Natural Gas Distribution Co LT-Debt-to-Total-Asset Chart

Natural Gas Distribution Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.10

0.04

Natural Gas Distribution Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.07	-	0.07	0.04	-

Natural Gas Distribution Co LT-Debt-to-Total-Asset Calculation

Natural Gas Distribution 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 )
	=	3.07	/	88.406
	=	0.03

Natural Gas Distribution 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 )
	=	0	/	90.876
	=	0.00

Natural Gas Distribution Co (SAU:9516) 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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Natural Gas Distribution Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Natural Gas Distribution Co (SAU:9516) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O. 000512, Second Industrial City, Riyadh, SAU, 11382

Website

http://www.ngdc.com.sa

Natural Gas Distribution Co owns and maintains natural gas networks. The company.s activity is the distribution of gaseous fuels through pipes and gas pipelines, their maintenance and repair, the wholesale sale of gaseous fuels, and the transportation of natural gas through pipelines. Its core business is to supply the factories located in the second industrial city of Riyadh. The company is supplied with natural gas from Saudi Aramco through the main pipeline. Its services include the operation and maintenance of natural gas networks.

Natural Gas Distribution Co Headlines

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