Alwasail Industrial Co (SAU:9525) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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

Alwasail Industrial Co's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.03). It may suggest that Alwasail Industrial Co is progressively becoming more dependent on debt to grow their business.

Alwasail Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alwasail Industrial 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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Alwasail Industrial Co LT-Debt-to-Total-Asset Chart

Alwasail Industrial Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.03

Alwasail Industrial Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	0.03	0.01	0.03	0.03

Alwasail Industrial Co LT-Debt-to-Total-Asset Calculation

Alwasail Industrial 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 )
	=	17.044	/	507.088
	=	0.03

Alwasail Industrial 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 )
	=	15.103	/	531.26
	=	0.03

Alwasail Industrial Co (SAU:9525) 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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Alwasail Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Alwasail Industrial Co (SAU:9525) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ar Riyadh - Al Qassim, Al Madinah, SAU, 3806

Website

https://www.alwasail.com

Alwasail Industrial Co manufacturers of polyethylene pipes and fittings mainly for irrigation, telecom, drinking water, firefighting networks and gas and oil transport systems.

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