Nofoth Food Products Co (SAU:9556) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2024)

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What is Nofoth Food Products 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. Nofoth Food Products Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.12.

Nofoth Food Products Co's long-term debt to total assets ratio increased from Dec. 2023 (0.09) to Dec. 2024 (0.12). It may suggest that Nofoth Food Products Co is progressively becoming more dependent on debt to grow their business.

Nofoth Food Products Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nofoth Food Products 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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Nofoth Food Products Co LT-Debt-to-Total-Asset Chart

Nofoth Food Products Co Annual Data

Trend

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.16

0.09

0.12

Nofoth Food Products Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.16	0.12	0.09	0.08	0.12

Nofoth Food Products Co LT-Debt-to-Total-Asset Calculation

Nofoth Food Products Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	28.868	/	235.757
	=	0.12

Nofoth Food Products Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	28.868	/	235.757
	=	0.12

Nofoth Food Products Co (SAU:9556) 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.

Nofoth Food Products Co LT-Debt-to-Total-Asset Related Terms

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Nofoth Food Products Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Nofoth Food Products Co (SAU:9556) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Bakr Al-Siddiq Road, Al-Nuzha, P.O. Box 30, Riyadh, SAU, 12471

Website

https://www.nofoth.com

Nofoth Food Products Co manufactures bread and its products through automated bakeries. It manufactures pies of all kinds and popular and oriental sweets of all kinds. The firm also retails bakery products and sugary sweets, nuts, coffee, and spices, dry food stores, restaurants with service, and activities caterers who provide food services.

Nofoth Food Products Co Headlines

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