Taqat Mineral Trading Co (SAU:9599) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Taqat Mineral Trading 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. Taqat Mineral Trading Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Taqat Mineral Trading Co's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2024 (0.03). It may suggest that Taqat Mineral Trading Co is progressively becoming more dependent on debt to grow their business.

Taqat Mineral Trading Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taqat Mineral Trading 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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Taqat Mineral Trading Co LT-Debt-to-Total-Asset Chart

Taqat Mineral Trading Co Annual Data

Trend

LT-Debt-to-Total-Asset

Taqat Mineral Trading Co Semi-Annual Data
	Jun23	Jun24
LT-Debt-to-Total-Asset	-	0.03

Taqat Mineral Trading Co LT-Debt-to-Total-Asset Calculation

Taqat Mineral Trading Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in . 20 is calculated as

LT Debt to Total Assets (A: . 20 )	=	Long-Term Debt & Capital Lease Obligation (A: . 20 )	/	Total Assets (A: . 20 )
	=		/
	=

Taqat Mineral Trading 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 )
	=	4.747	/	154.498
	=	0.03

Taqat Mineral Trading Co (SAU:9599) 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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Taqat Mineral Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Taqat Mineral Trading Co (SAU:9599) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Abu Nasr Al Dabbas Road, Al Musfat District, Riyadh, SAU, 14545

Website

https://www.taqatco.sa

Taqat Mineral Trading Co is a company whose business activities are represented in its record. commercial in construction, manufacturing, transportation, storage, water supply, sanitation activities, waste management and treatment. It works in the field of metal and scrap iron recycling.

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