Knowledge Tower Trading Co (SAU:9551) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Knowledge Tower Trading 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. Knowledge Tower Trading Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Knowledge Tower Trading Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.24). It may suggest that Knowledge Tower Trading Co is progressively becoming more dependent on debt to grow their business.

Knowledge Tower Trading Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Knowledge Tower Trading 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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Knowledge Tower Trading Co LT-Debt-to-Total-Asset Chart

Knowledge Tower Trading Co Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

0.03

0.02

0.01

0.24

Knowledge Tower Trading Co Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.02	0.01	0.01	-	0.24

Knowledge Tower Trading Co LT-Debt-to-Total-Asset Calculation

Knowledge Tower Trading Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	8.635	/	36.449
	=	0.24

Knowledge Tower Trading Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	8.635	/	36.449
	=	0.24

Knowledge Tower Trading Co (SAU:9551) 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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Knowledge Tower Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Knowledge Tower Trading Co (SAU:9551) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ibn Yaqout Al-Hamawi Road, Al-Muraikbat District, Dammam, SAU, 7222 -32253

Website

https://www.kntbook.com

Knowledge Tower Trading Co is engaged in marketing and selling educational books for schools, universities, training institutes, and government educational institutions, developing educational programs for schools, providing electronic educational platforms, providing modern educational resources for training, and designing educational models.

Knowledge Tower Trading Co Headlines

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