MOBI Industry Co (SAU:9517) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is MOBI Industry 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. MOBI Industry Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

MOBI Industry Co's long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.03). It may suggest that MOBI Industry Co is progressively becoming less dependent on debt to grow their business.

MOBI Industry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for MOBI Industry 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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MOBI Industry Co LT-Debt-to-Total-Asset Chart

MOBI Industry Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.04

MOBI Industry Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial					-	0.03	0.03	0.04	0.03

MOBI Industry Co LT-Debt-to-Total-Asset Calculation

MOBI Industry 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 )
	=	5.053	/	124.618
	=	0.04

MOBI Industry 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 )
	=	4.486	/	146.231
	=	0.03

MOBI Industry Co (SAU:9517) 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.

MOBI Industry Co LT-Debt-to-Total-Asset Related Terms

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MOBI Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » MOBI Industry Co (SAU:9517) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

220 Second Industrial City Street, P.O. Box 1239, Riyadh, SAU, 11431

Website

https://www.mobiindustry.sa/en

MOBI Industry Co is a Saudi Arabia-based company. It engaged in the manufacture of fertilizers and nitrogenous compounds, the manufacture of phosphate and potash fertilizers, the manufacture of plastics in their primary forms, the manufacture of household insect and rodenticides, the manufacture of soap in all its forms, including (paste, liquid, and dry), the manufacture shampoos and industrial detergents, Manufacture of floor, glass, and furniture polishes and scouring powders, manufacture of washing and cleaning materials and preparations, manufacture of preparations for perfuming rooms and removing odors, and manufacturing of bottles of various forms of plastics. It has two segments Fertilizers segment and the Detergent segment.

MOBI Industry Co Headlines

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