Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Aqaseem Factory for Chemicals & Plastics 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. Aqaseem Factory for Chemicals & Plastics Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Aqaseem Factory for Chemicals & Plastics Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.09). It may suggest that Aqaseem Factory for Chemicals & Plastics Co is progressively becoming more dependent on debt to grow their business.

Aqaseem Factory for Chemicals & Plastics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aqaseem Factory for Chemicals & Plastics 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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Aqaseem Factory for Chemicals & Plastics Co LT-Debt-to-Total-Asset Chart

Aqaseem Factory for Chemicals & Plastics Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.03

0.08

Aqaseem Factory for Chemicals & Plastics Co Semi-Annual Data
	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.07	0.03	-	0.08	0.09

Aqaseem Factory for Chemicals & Plastics Co LT-Debt-to-Total-Asset Calculation

Aqaseem Factory for Chemicals & Plastics 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 )
	=	9.483	/	116.341
	=	0.08

Aqaseem Factory for Chemicals & Plastics 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 )
	=	11.866	/	140.388
	=	0.08

Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) 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.

Aqaseem Factory for Chemicals & Plastics Co LT-Debt-to-Total-Asset Related Terms

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Aqaseem Factory for Chemicals & Plastics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Aqaseem Factory for Chemicals & Plastics Co (SAU:9539) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

East Ring Road - between exit 17 and 18, Riyadh, SAU

Website

https://www.agaseem.sa

Aqaseem Factory for Chemicals & Plastics Co manufactures oils and lubricants. Its product offering comprises a range of Automotive Lubricants, Industrial Lubricants, Marine Lubricants, and Grease. The firm offers Gasoline Engine oil, diesel engine oil, Gear oil, turbine oil, compressor oil, and hydraulic oil, among others.

Aqaseem Factory for Chemicals & Plastics Co Headlines

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