Arabian International Healthcare Holding Co (SAU:9530) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Arabian International Healthcare Holding 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. Arabian International Healthcare Holding Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Arabian International Healthcare Holding Co's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.04). It may suggest that Arabian International Healthcare Holding Co is progressively becoming less dependent on debt to grow their business.

Arabian International Healthcare Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Arabian International Healthcare Holding 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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Arabian International Healthcare Holding Co LT-Debt-to-Total-Asset Chart

Arabian International Healthcare Holding Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

0.08

0.06

0.04

Arabian International Healthcare Holding Co Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.08	0.07	0.06	0.04	0.04

Arabian International Healthcare Holding Co LT-Debt-to-Total-Asset Calculation

Arabian International Healthcare Holding 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 )
	=	60.469	/	1401.427
	=	0.04

Arabian International Healthcare Holding Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	60.469	/	1401.427
	=	0.04

Arabian International Healthcare Holding Co (SAU:9530) 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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Arabian International Healthcare Holding Co (SAU:9530) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Arabian International Healthcare Holding Co (SAU:9530) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Marhoma Street, Business Gate, Qortubah, Riyadh, SAU

Website

https://www.tibbiyah.com

Arabian International Healthcare Holding Co provides integrated medical solutions to healthcare providers in the health sector in Saudi Arabia through its subsidiaries. Its projects include Cardiology, Intensive care, Operating rooms, Oncology, Hospital Infrastructure, and Others.

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