Shatirah House Restaurant Co (SAU:6016) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Shatirah House Restaurant 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. Shatirah House Restaurant Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Shatirah House Restaurant Co's long-term debt to total assets ratio declined from Sep. 2023 (0.17) to Sep. 2024 (0.15). It may suggest that Shatirah House Restaurant Co is progressively becoming less dependent on debt to grow their business.

Shatirah House Restaurant Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shatirah House Restaurant 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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Shatirah House Restaurant Co LT-Debt-to-Total-Asset Chart

Shatirah House Restaurant Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.22

0.27

0.24

0.15

Shatirah House Restaurant Co Quarterly Data
	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.17	0.15	0.14	0.15	0.15

Shatirah House Restaurant Co LT-Debt-to-Total-Asset Calculation

Shatirah House Restaurant 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 )
	=	22.178	/	145.149
	=	0.15

Shatirah House Restaurant 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 )
	=	23.147	/	150.18
	=	0.15

Shatirah House Restaurant Co (SAU:6016) 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.

Shatirah House Restaurant Co LT-Debt-to-Total-Asset Related Terms

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Shatirah House Restaurant Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Shatirah House Restaurant Co (SAU:6016) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dhahrat Laban District, P.O. Box: 7277, Riyadh, SAU, 12562

Website

https://www.burgerizzr.com

Shatirah House Restaurant Co deals with fast food activities, including (pizza restaurants). The company operates in a single segment which is selling fast food restaurants completely within the Kingdom of Saudi Arabia.

Shatirah House Restaurant Co Headlines

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