Aayan Leasing & Investment Co (KUW:AAYAN) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Aayan Leasing & Investment 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. Aayan Leasing & Investment Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Aayan Leasing & Investment Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.06). It may suggest that Aayan Leasing & Investment Co is progressively becoming less dependent on debt to grow their business.

Aayan Leasing & Investment Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aayan Leasing & Investment 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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Aayan Leasing & Investment Co LT-Debt-to-Total-Asset Chart

Aayan Leasing & Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.53

0.02

0.01

0.11

0.08

Aayan Leasing & Investment 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															0.10	0.03	0.07	0.08	0.06

Aayan Leasing & Investment Co LT-Debt-to-Total-Asset Calculation

Aayan Leasing & Investment 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 )
	=	11.621	/	153.794
	=	0.08

Aayan Leasing & Investment 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 )
	=	10.1	/	157.783
	=	0.06

Aayan Leasing & Investment Co (KUW:AAYAN) 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.

Aayan Leasing & Investment Co LT-Debt-to-Total-Asset Related Terms

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Aayan Leasing & Investment Co (KUW:AAYAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Aayan Leasing & Investment Co (KUW:AAYAN) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Al Rai - Muhammad bin Al Qasim Street, K.S.C.P. Building, 1st Floor, P.O. Box 1426, Kuwait, KWT, 13027

Website

https://www.aayan.com

Aayan Leasing & Investment Co is engaged in the business of lease financing and investment services. The company's operating segment includes Islamic financing; the Leasing Sector; Real estate; Proprietary investment and asset management and Others. It generates maximum revenue from the Leasing Sector segment. The majority of the Group's revenue is based in the State of Kuwait.

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