National Environmental Recycling Co (SAU:9540) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

View and export this data going back to 2022. Start your Free Trial

What is National Environmental Recycling 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. National Environmental Recycling Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

National Environmental Recycling Co's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.04). It may suggest that National Environmental Recycling Co is progressively becoming less dependent on debt to grow their business.

National Environmental Recycling Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for National Environmental Recycling 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.

* Premium members only.

National Environmental Recycling Co LT-Debt-to-Total-Asset Chart

National Environmental Recycling Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.13

0.05

0.06

National Environmental Recycling Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.03	0.06	0.17	0.06	0.04

National Environmental Recycling Co LT-Debt-to-Total-Asset Calculation

National Environmental Recycling 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 )
	=	18.55	/	324.667
	=	0.06

National Environmental Recycling 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 )
	=	14.376	/	340.58
	=	0.04

National Environmental Recycling Co (SAU:9540) 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.

National Environmental Recycling Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of National Environmental Recycling Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

National Environmental Recycling Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » National Environmental Recycling Co (SAU:9540) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7330, Wadi Waj Road, P.O. Box 3431, Al Malqa District, Riyadh, SAU, 3431-13524

Website

http://www.tadweeer.com

National Environmental Recycling Co provides environmental and safe solutions for the recycling of electronic and electrical equipment, which is in the Middle East and North Africa. Its operational areas comprise Ferrous recycling operations, Non-Ferrous recycling operations, Plastics recycling operations, and ITAD operations. Its recycling categories consist of Consumer and lighting equipment, Home appliances and electrical devices, Computers and their peripherals, televisions, monitors, radios and telephones, Medical equipment, and Surveillance and control equipment, among others.

National Environmental Recycling Co Headlines

No Headlines