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Atlas Elevators General Trading and Contracting Co (SAU:9578) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)


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What is Atlas Elevators General Trading and Contracting 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. Atlas Elevators General Trading and Contracting Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Atlas Elevators General Trading and Contracting Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.02). It may suggest that Atlas Elevators General Trading and Contracting Co is progressively becoming more dependent on debt to grow their business.

Atlas Elevators General Trading and Contracting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Atlas Elevators General Trading and Contracting 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.

Atlas Elevators General Trading and Contracting Co LT-Debt-to-Total-Asset Chart

Atlas Elevators General Trading and Contracting Co Annual Data
Trend Dec22 Dec23
LT-Debt-to-Total-Asset
0.04 0.02

Atlas Elevators General Trading and Contracting Co Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset 0.04 - 0.02 0.02

Atlas Elevators General Trading and Contracting Co LT-Debt-to-Total-Asset Calculation

Atlas Elevators General Trading and Contracting 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 )
=2.759/116.093
=0.02

Atlas Elevators General Trading and Contracting 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 )
=2.185/118.039
=0.02

* 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.

Atlas Elevators General Trading and Contracting Co  (SAU:9578) 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.

Atlas Elevators General Trading and Contracting Co LT-Debt-to-Total-Asset Related Terms

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Atlas Elevators General Trading and Contracting Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Atlas Elevators General Trading and Contracting Co (SAU:9578) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
Area 223 Block1, Building 96, Beside fire station, Kuwait, SAU
Website
https://www.atlaslifts-sa.net
Atlas Elevators General Trading and Contracting Co is a company specializing in the supply, sale, installation and maintenance of the highest-quality elevators, hydraulic lifts and escalators, all conforming to European standards. It has has four Kuwaiti branches in Hawalli, Ardiya, Al Rai and Al Jahra also operate's in Saudi Arabia, Qatar, Bahrain and Oman.

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