ACWA Power Co (SAU:2082) LT-Debt-to-Total-Asset : 0.42 (As of Mar. 2024)

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What is ACWA Power 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. ACWA Power Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.42.

ACWA Power Co's long-term debt to total assets ratio declined from Mar. 2023 (0.48) to Mar. 2024 (0.42). It may suggest that ACWA Power Co is progressively becoming less dependent on debt to grow their business.

ACWA Power Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for ACWA Power 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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ACWA Power Co LT-Debt-to-Total-Asset Chart

ACWA Power Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.48

0.50

0.46

0.43

ACWA Power Co Quarterly Data
	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									0.48	0.45	0.43	0.43	0.42

ACWA Power Co LT-Debt-to-Total-Asset Calculation

ACWA Power 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 )
	=	23617.116	/	55018.314
	=	0.43

ACWA Power 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 )
	=	24191.423	/	57340.512
	=	0.42

ACWA Power Co (SAU:2082) 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.

ACWA Power Co LT-Debt-to-Total-Asset Related Terms

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ACWA Power Co (SAU:2082) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » ACWA Power Co (SAU:2082) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Eastern Ring Road, Exit 8, P.O. Box 22616, Qurtubah District, Riyadh, SAU, 11416

Website

https://www.acwapower.com

ACWA Power Co is engaged in the development, investment, operation, and maintenance of power generation, water desalination and green hydrogen production plants and bulk sale of electricity. The company's segments include Thermal and Water Desalination; Renewables and others. It generates maximum revenue from the Thermal and Water Desalination segment.

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