TECOM Group PJSC (DFM:TECOM) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is TECOM Group PJSC 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. TECOM Group PJSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

TECOM Group PJSC's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.29). It may suggest that TECOM Group PJSC is progressively becoming less dependent on debt to grow their business.

TECOM Group PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for TECOM Group PJSC'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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TECOM Group PJSC LT-Debt-to-Total-Asset Chart

TECOM Group PJSC Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.23

0.22

0.30

0.29

TECOM Group PJSC Quarterly Data
	Dec19	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.30	0.30	0.30	0.29	0.29

TECOM Group PJSC LT-Debt-to-Total-Asset Calculation

TECOM Group PJSC'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 )
	=	4351.767	/	14814.265
	=	0.29

TECOM Group PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	4355.219	/	15187.108
	=	0.29

TECOM Group PJSC (DFM:TECOM) 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.

TECOM Group PJSC LT-Debt-to-Total-Asset Related Terms

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TECOM Group PJSC (DFM:TECOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TECOM Group PJSC (DFM:TECOM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Commercial Building No. 1, Dubai Studio City , P.O. Box 66000, Dubai, ARE

Website

https://www.tecomgroup.ae

TECOM Group PJSC is a central player in Dubai's business hub proposition and is strongly positioned to benefit from the commercial real estate market and the sustained growth of its broader economy. It offers a range of properties and services to customers. The company divides its operations into four financial segments namely commercial leasing, industrial leasing, land leasing and services, and others.

TECOM Group PJSC (DFM:TECOM) Headlines

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