Food Gate Trading Co (SAU:9562) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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

Food Gate Trading Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.12). It may suggest that Food Gate Trading Co is progressively becoming more dependent on debt to grow their business.

Food Gate Trading Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Food Gate 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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Food Gate Trading Co LT-Debt-to-Total-Asset Chart

Food Gate Trading Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

Food Gate Trading Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	-	-	-	0.12

Food Gate Trading Co LT-Debt-to-Total-Asset Calculation

Food Gate 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 )
	=	0	/	68.712
	=	0.00

Food Gate 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 )
	=	8.216	/	69.709
	=	0.12

Food Gate Trading Co (SAU:9562) 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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Food Gate Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Food Gate Trading Co (SAU:9562) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Wadi Al-Shati Street, PO Box. 12018, Alghadir, Riyadh, SAU, 13311

Website

https://www.foodsgate.sa

Food Gate Trading Co is a Saudi-owned food and beverage company, dedicated to creating signature dining concepts across a range of cuisines and culinary experiences at dining outlets.

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