Arabian Plastic Industrial Co (SAU:9548) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Arabian Plastic 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. Arabian Plastic Industrial Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Arabian Plastic Industrial Co's long-term debt to total assets ratio stayed the same from Jun. 2023 (0.01) to Jun. 2024 (0.01).

Arabian Plastic Industrial Co LT-Debt-to-Total-Asset Historical Data

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

Arabian Plastic Industrial Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.22

0.06

0.01

Arabian Plastic Industrial Co Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.01	0.01	0.01	0.01

Arabian Plastic Industrial Co LT-Debt-to-Total-Asset Calculation

Arabian Plastic 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 )
	=	1.469	/	196.875
	=	0.01

Arabian Plastic 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 )
	=	2.182	/	206.174
	=	0.01

Arabian Plastic Industrial Co (SAU:9548) 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 Plastic Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Arabian Plastic Industrial Co (SAU:9548) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Street 45, Phase 3, Industrial City 1, Jeddah, SAU

Website

https://www.apico.com.sa

Arabian Plastic Industrial Co is a plastic packaging and thermoplastic injection company. The company provides superior injection molding production services, as well as high-quality extrusion of films, blow molding and thermoforming disposable products.

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