Armah Sports Co (SAU:9590) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2024)

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What is Armah Sports 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. Armah Sports Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.37.

Armah Sports Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.37). It may suggest that Armah Sports Co is progressively becoming more dependent on debt to grow their business.

Armah Sports Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Armah Sports 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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Armah Sports Co LT-Debt-to-Total-Asset Chart

Armah Sports Co Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.82

0.45

0.36

Armah Sports Co Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.45	-	0.36	0.37

Armah Sports Co LT-Debt-to-Total-Asset Calculation

Armah Sports 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 )
	=	296.504	/	835.197
	=	0.36

Armah Sports 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 )
	=	304.977	/	829.035
	=	0.37

Armah Sports Co (SAU:9590) 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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Armah Sports Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Armah Sports Co (SAU:9590) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Takhassusi Street, P.O. Box 3894, Al-Nakheel District, Riyadh, SAU, 12382

Website

https://www.armahsports.com

Armah Sports Co is a company whose primary activities include operating facilities, sport centers, retail sales of sports apparel, and providing food services in sport facilities, salons, and other sports activities. The company operates into two geographical segments: Central region and Western region. It derives maximum revenue from Western Region.

Armah Sports Co Headlines

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