Sure Global Tech Co (SAU:9550) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Sure Global Tech 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. Sure Global Tech Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Sure Global Tech Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Sure Global Tech Co is progressively becoming more dependent on debt to grow their business.

Sure Global Tech Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sure Global Tech 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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Sure Global Tech Co LT-Debt-to-Total-Asset Chart

Sure Global Tech Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

Sure Global Tech Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	0.01	-

Sure Global Tech Co LT-Debt-to-Total-Asset Calculation

Sure Global Tech 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 )
	=	0.73	/	155.56
	=	0.00

Sure Global Tech 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 )
	=	0.237	/	157.039
	=	0.00

Sure Global Tech Co (SAU:9550) 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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Sure Global Tech Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sure Global Tech Co (SAU:9550) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Imam Saud bin Abdulaziz bin Mohammed Road, P.O. Box 301334, Riyadh, SAU, 12281

Website

https://www.sure.com.sa

Sure Global Tech Co provides technological and consultative solutions for public and private organizations. It provides services of software development, infrastructure, support, and operation along with digital transformation consultations and other SME-oriented products. The group's operational segments include Infrastructure, Managed services, Professional services, and products. The majority of its revenue derives from infrastructure services that include the sale of licenses and devices.

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