Tam Development Co (SAU:9570) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Tam Development 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. Tam Development Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Tam Development Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.05). It may suggest that Tam Development Co is progressively becoming more dependent on debt to grow their business.

Tam Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tam Development 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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Tam Development Co LT-Debt-to-Total-Asset Chart

Tam Development Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

Tam Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	-	-	-	0.05

Tam Development Co LT-Debt-to-Total-Asset Calculation

Tam Development 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	/	188.778
	=	0.00

Tam Development 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 )
	=	11.548	/	212.897
	=	0.05

Tam Development Co (SAU:9570) 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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Tam Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tam Development Co (SAU:9570) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

King Fahd Road Riyadh 8428, Unit No 11119, Grand Tower, 10th Floor, Additional No 4250, Riyadh, SAU, 12363

Website

https://www.tam.sa

Tam Development Co is a Saudi-based management consultancy firm. It offers a model that integrates digital solutions and advisory services, partnering with its clients to public impact.

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