Leen Alkhair Trading Co (SAU:9555) LT-Debt-to-Total-Asset : 0.29 (As of Jun. 2024)

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What is Leen Alkhair 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. Leen Alkhair Trading Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.29.

Leen Alkhair Trading Co's long-term debt to total assets ratio increased from Jun. 2023 (0.16) to Jun. 2024 (0.29). It may suggest that Leen Alkhair Trading Co is progressively becoming more dependent on debt to grow their business.

Leen Alkhair Trading Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leen Alkhair 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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Leen Alkhair Trading Co LT-Debt-to-Total-Asset Chart

Leen Alkhair Trading Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.30

Leen Alkhair Trading Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	0.18	0.16	0.30	0.29

Leen Alkhair Trading Co LT-Debt-to-Total-Asset Calculation

Leen Alkhair Trading 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 )
	=	88.84	/	297.87
	=	0.30

Leen Alkhair Trading 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 )
	=	91.811	/	316.134
	=	0.29

Leen Alkhair Trading Co (SAU:9555) 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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Leen Alkhair Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leen Alkhair Trading Co (SAU:9555) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

King Fahd Road, Riyadh, SAU, 12313

Website

https://www.leenalkhair.com

Leen Alkhair Trading Co engages in growing, importing, and distributing fresh vegetables and fruits. Its activities comprise wholesale of fruits, vegetables, dates, dairy products, eggs, and egg products. In addition. it also wholesale meat, meat products, frozen meat and poultry, sugar, and its products among others.

Leen Alkhair Trading Co Headlines

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