Riyadh Steel Co (SAU:9588) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Riyadh Steel 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. Riyadh Steel Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Riyadh Steel Co's long-term debt to total assets ratio increased from Dec. 2021 (0.00) to Dec. 2023 (0.15). It may suggest that Riyadh Steel Co is progressively becoming more dependent on debt to grow their business.

Riyadh Steel Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Riyadh Steel 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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Riyadh Steel Co LT-Debt-to-Total-Asset Chart

Riyadh Steel Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.04

0.15

Riyadh Steel Co Semi-Annual Data
	Dec21	Dec22	Dec23
LT-Debt-to-Total-Asset	-	0.04	0.15

Riyadh Steel Co LT-Debt-to-Total-Asset Calculation

Riyadh Steel 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 )
	=	18.346	/	125.651
	=	0.15

Riyadh Steel Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	18.346	/	125.651
	=	0.15

Riyadh Steel Co (SAU:9588) 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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Riyadh Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Riyadh Steel Co (SAU:9588) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Imam Abdullah bin Saud bin Abdulaziz Road, Al-Shuhada District, Office No. 35, Building No. 4578, Riyadh, SAU, 13241

Website

https://www.riyadhsteel.com.sa

Riyadh Steel Co is a steel manufacturing company working in all stages of production of scrap, flat bars, and angle bars . It provides products such as Steel Scrap, Billets, and ASTM A36 standard Flat and Angle bars.

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