Saudi Industrial Services Co (SAU:2190) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

View and export this data going back to . Start your Free Trial

What is Saudi Industrial Services 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. Saudi Industrial Services Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Saudi Industrial Services Co's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.21). It may suggest that Saudi Industrial Services Co is progressively becoming more dependent on debt to grow their business.

Saudi Industrial Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Industrial Services 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.

* Premium members only.

Saudi Industrial Services Co LT-Debt-to-Total-Asset Chart

Saudi Industrial Services Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.26

0.17

0.15

0.22

Saudi Industrial Services 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															0.16	0.18	0.19	0.22	0.21

Saudi Industrial Services Co LT-Debt-to-Total-Asset Calculation

Saudi Industrial Services 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 )
	=	1293.896	/	5989.981
	=	0.22

Saudi Industrial Services 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 )
	=	1249.054	/	5971.311
	=	0.21

Saudi Industrial Services Co (SAU:2190) 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.

Saudi Industrial Services Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Saudi Industrial Services Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Saudi Industrial Services Co (SAU:2190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Saudi Industrial Services Co (SAU:2190) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Al-Madina Road, P.O. Box 14221, Suite 501, Saudi Business Centre, Jeddah, SAU, 21424

Website

http://www.sisco.com.sa

Saudi Industrial Services Co, through its subsidiaries, is engaged in the maintenance, operations, and management of factories, industrial facilities, construction of residential buildings and all related facilities such as entertainment centers, malls, restaurants, catering projects, construction of hospitals and buildings to provide health services to the factory and industrial company workmen, marketing factory products locally and worldwide, provide services and participate in the formation of companies. The reportable segments of the company are Port development and operations, Logistics parks and support services, and Water desalination and distribution. The company derives a majority of the revenue from the Port development and operations segment.

Saudi Industrial Services Co (SAU:2190) Headlines

No Headlines