SABIC Agri-Nutrient Co (SAU:2020) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is SABIC Agri-Nutrient 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. SABIC Agri-Nutrient Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

SABIC Agri-Nutrient Co's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that SABIC Agri-Nutrient Co is progressively becoming less dependent on debt to grow their business.

SABIC Agri-Nutrient Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for SABIC Agri-Nutrient 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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SABIC Agri-Nutrient Co LT-Debt-to-Total-Asset Chart

SABIC Agri-Nutrient Co Annual Data

Trend

Dec14

Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

SABIC Agri-Nutrient Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

SABIC Agri-Nutrient Co LT-Debt-to-Total-Asset Calculation

SABIC Agri-Nutrient 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 )
	=	197.329	/	25303.529
	=	0.01

SABIC Agri-Nutrient Co'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 )
	=	165.182	/	24737.351
	=	0.01

SABIC Agri-Nutrient Co (SAU:2020) 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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SABIC Agri-Nutrient Co (SAU:2020) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » SABIC Agri-Nutrient Co (SAU:2020) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 11044, Jubail Industrial City, SAU, 31961

Website

https://www.sabic.com

SABIC Agri-Nutrient Co is engaged in the production, conversion, manufacturing, marketing, and trading of fertilizers of all types inside and outside the Kingdom of Saudi Arabia. Its product range includes urea, ammonia, and a comprehensive portfolio of nitrogen-based inorganic products.

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