United Mining Industries Co (SAU:9583) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is United Mining Industries 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. United Mining Industries Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

United Mining Industries Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.09). It may suggest that United Mining Industries Co is progressively becoming more dependent on debt to grow their business.

United Mining Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for United Mining Industries 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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United Mining Industries Co LT-Debt-to-Total-Asset Chart

United Mining Industries Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.11

United Mining Industries Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.06	-	0.11	0.09

United Mining Industries Co LT-Debt-to-Total-Asset Calculation

United Mining Industries 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 )
	=	37.285	/	345.818
	=	0.11

United Mining Industries 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 )
	=	31.451	/	359.168
	=	0.09

United Mining Industries Co (SAU:9583) 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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United Mining Industries Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » United Mining Industries Co (SAU:9583) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Madinah Al Munawarah Street, Salamah District, Salamah Tower, Floor No. 4, Office No. 403, Jeddah, SAU, 23525

Website

https://www.ugc.com.sa

United Mining Industries Co is engaged in manufacturing and selling raw materials extracted from mines and mining of gypsum and anhydrite based on a license from the Ministry of Industry and Mineral Resources. It is one of the companies in the field of manufacturing gypsum and cement building materials and products in the Kingdom of Saudi Arabia. It offers products such as Gypsum Board, Fiber Cement Board, Gypsum Powder, and others. The company has three business segments: Fiber cement board, Gypsum board, and Others. It earns the majority of its revenue from Gypsum Board Segment.

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