Neft Alsharq Co For Chemical Industries (SAU:9605) LT-Debt-to-Total-Asset : 0.06 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Neft Alsharq Co For Chemical Industries 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. Neft Alsharq Co For Chemical Industries's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.06.

Neft Alsharq Co For Chemical Industries's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2024 (0.06). It may suggest that Neft Alsharq Co For Chemical Industries is progressively becoming more dependent on debt to grow their business.

Neft Alsharq Co For Chemical Industries LT-Debt-to-Total-Asset Historical Data

The historical data trend for Neft Alsharq Co For Chemical Industries'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.

* Premium members only.

Neft Alsharq Co For Chemical Industries LT-Debt-to-Total-Asset Chart

Neft Alsharq Co For Chemical Industries Annual Data

Trend

LT-Debt-to-Total-Asset

Neft Alsharq Co For Chemical Industries Semi-Annual Data
	Jun23	Jun24
LT-Debt-to-Total-Asset	-	0.06

Neft Alsharq Co For Chemical Industries LT-Debt-to-Total-Asset Calculation

Neft Alsharq Co For Chemical Industries'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 )
	=		/
	=

Neft Alsharq Co For Chemical Industries'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 )
	=	3.266	/	56.53
	=	0.06

Neft Alsharq Co For Chemical Industries (SAU:9605) 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.

Neft Alsharq Co For Chemical Industries LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Neft Alsharq Co For Chemical Industries's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Neft Alsharq Co For Chemical Industries Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Neft Alsharq Co For Chemical Industries (SAU:9605) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Riyadh, Riyadh, SAU

Website

https://www.neftalsharq.com

Neft Alsharq Co For Chemical Industries is a Saudi company engaged in the manufacture and production of oils, industrial greases and motor fluids of all types and specifications.

Neft Alsharq Co For Chemical Industries Headlines

No Headlines