Riyal Investment And Development Co (SAU:9584) LT-Debt-to-Total-Asset : 0.25 (As of Jun. 2024)

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What is Riyal Investment And 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. Riyal Investment And Development Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.25.

Riyal Investment And Development Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.25). It may suggest that Riyal Investment And Development Co is progressively becoming more dependent on debt to grow their business.

Riyal Investment And Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riyal Investment And 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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Riyal Investment And Development Co LT-Debt-to-Total-Asset Chart

Riyal Investment And Development Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.24

0.28

Riyal Investment And Development Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.24	-	0.28	0.25

Riyal Investment And Development Co LT-Debt-to-Total-Asset Calculation

Riyal Investment And 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 )
	=	98.817	/	357.209
	=	0.28

Riyal Investment And 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 )
	=	85.598	/	339.245
	=	0.25

Riyal Investment And Development Co (SAU:9584) 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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Riyal Investment And Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Riyal Investment And Development Co (SAU:9584) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jubail Highway, P.O. Box 9494, Dammam, SAU, 31451

Website

https://www.riyalmotors.com

Riyal Investment And Development Co is engaged in leasing vehicles and buses, trading activities (export, import, brokerage, and marketing for others) in the non-money exchange business, establishing and operating workshops for vehicles, equipment, wholesale and retail sales and export and import in vehicles spare parts and wheels. It has two segments; Lease of Vehicles and Sale of Vehicles. The company derives maximum revenue from the lease of Vehicles Segment.

Riyal Investment And Development Co Headlines

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