Mayar Holding Co (SAU:9568) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

View and export this data going back to 2023. Start your Free Trial

What is Mayar Holding 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. Mayar Holding Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Mayar Holding Co's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.03). It may suggest that Mayar Holding Co is progressively becoming less dependent on debt to grow their business.

Mayar Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mayar Holding 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.

* Premium members only.

Mayar Holding Co LT-Debt-to-Total-Asset Chart

Mayar Holding Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.02

Mayar Holding Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	0.07	0.05	0.02	0.03

Mayar Holding Co LT-Debt-to-Total-Asset Calculation

Mayar Holding 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 )
	=	10.806	/	466.122
	=	0.02

Mayar Holding 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 )
	=	13.126	/	431.851
	=	0.03

Mayar Holding Co (SAU:9568) 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.

Mayar Holding Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Mayar Holding Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Mayar Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mayar Holding Co (SAU:9568) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

KSA Riyadh Olaya Street, PO Box 55024, Taya Commercial Center, Riyadh, SAU, 11534

Website

https://www.mayar.com.sa

Mayar Holding Co is a Saudi Arabia-based company. It engaged in managing subsidiaries of holding companies owning real estate and movables necessary for holding companies, providing loans, guarantees, and financing for subsidiaries of holding companies, and owning and leasing industrial property rights to subsidiaries of holding companies. It has three reportable segments Elevators and escalators segment, Feed and agriculture, and Plastic segment. The majority of its revenue comes from Feed and agriculture segment which produces compound feed for Poultry, Cattle, Poultry distribution, and sale.

Mayar Holding Co Headlines

No Headlines