Saudi Azm for Communication and Information Technology Co (SAU:9534) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is Saudi Azm for Communication and Information Technology 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. Saudi Azm for Communication and Information Technology Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

Saudi Azm for Communication and Information Technology Co's long-term debt to total assets ratio increased from Dec. 2023 (0.06) to Dec. 2024 (0.06). It may suggest that Saudi Azm for Communication and Information Technology Co is progressively becoming more dependent on debt to grow their business.

Saudi Azm for Communication and Information Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Azm for Communication and Information Technology 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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Saudi Azm for Communication and Information Technology Co LT-Debt-to-Total-Asset Chart

Saudi Azm for Communication and Information Technology Co Annual Data

Trend

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

0.02

0.10

0.08

Saudi Azm for Communication and Information Technology Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.08	0.08	0.06	0.08	0.06

Saudi Azm for Communication and Information Technology Co LT-Debt-to-Total-Asset Calculation

Saudi Azm for Communication and Information Technology Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	19.774	/	241.668
	=	0.08

Saudi Azm for Communication and Information Technology Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	19.396	/	314.135
	=	0.06

Saudi Azm for Communication and Information Technology Co (SAU:9534) 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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Saudi Azm for Communication and Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Saudi Azm for Communication and Information Technology Co (SAU:9534) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7999, King Khalid Road, 2280 West Umm Al Hammam District, Riyadh, SAU, 12329

Website

https://www.azm.sa

Saudi Azm for Communication and Information Technology Co aims at providing solutions to projects with qualitative impact in the fields of information technology and executive consulting. The company is principally engaged in the designing and programming special software, application development, providing management and control services of communication sale of wire and wireless equipment and devices, design User Experience and customer journey, repair and maintenance of personal and portable computers, providing senior management consulting services and information networks and research and development on technology.

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