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Ghitha Holding PJSC (ADX:GHITHA) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2023)


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What is Ghitha Holding 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. Ghitha Holding PJSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.13.

Ghitha Holding PJSC's long-term debt to total assets ratio increased from Jun. 2022 (0.04) to Sep. 2023 (0.13). It may suggest that Ghitha Holding PJSC is progressively becoming more dependent on debt to grow their business.


Ghitha Holding PJSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ghitha Holding 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.

* Premium members only.

Ghitha Holding PJSC LT-Debt-to-Total-Asset Chart

Ghitha Holding PJSC Annual Data
Trend Dec19 Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.04 0.02 0.05 0.10

Ghitha Holding PJSC Quarterly Data
Dec19 Jun20 Sep20 Dec20 Jun21 Sep21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.10 0.14 0.13

Ghitha Holding PJSC LT-Debt-to-Total-Asset Calculation

Ghitha Holding PJSC's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=512.725/5366.216
=0.10

Ghitha Holding PJSC's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=896.131/7157.901
=0.13

* 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.


Ghitha Holding PJSC  (ADX:GHITHA) 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.


Ghitha Holding PJSC LT-Debt-to-Total-Asset Related Terms

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Ghitha Holding PJSC (ADX:GHITHA) Business Description

Traded in Other Exchanges
N/A
Address
Meena Zayed Port Area, P.O. Box 53314, Abu Dhabi, ARE
Ghitha Holding PJSC is engaged in trading, re-packaging, storage, and distribution of food and non-food products. The product portfolio includes dry food products, canned foods, frozen food, processed food items, household items, stationeries, disposables, toiletries, chemicals, and other products.

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