Advanced Petrochemical Co (SAU:2330) LT-Debt-to-Total-Asset : 0.61 (As of Mar. 2024)

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What is Advanced Petrochemical 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. Advanced Petrochemical Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.61.

Advanced Petrochemical Co's long-term debt to total assets ratio increased from Mar. 2023 (0.27) to Mar. 2024 (0.61). It may suggest that Advanced Petrochemical Co is progressively becoming more dependent on debt to grow their business.

Advanced Petrochemical Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advanced Petrochemical 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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Advanced Petrochemical Co LT-Debt-to-Total-Asset Chart

Advanced Petrochemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.27

0.62

Advanced Petrochemical 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															0.27	0.51	0.62	0.62	0.61

Advanced Petrochemical Co LT-Debt-to-Total-Asset Calculation

Advanced Petrochemical 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 )
	=	7077.8	/	11470.251
	=	0.62

Advanced Petrochemical 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 )
	=	6895.731	/	11272.654
	=	0.61

Advanced Petrochemical Co (SAU:2330) 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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Advanced Petrochemical Co (SAU:2330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Advanced Petrochemical Co (SAU:2330) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Jubail Industrial, P.O.Box 11022, Jubail, SAU, 31961

Website

https://www.advancedpetrochem.com

Advanced Petrochemical Co produces and sells polypropylene, polysilicon, and polysilicon downstream products that include Photovoltaic cells and Photovoltaic. The company invests in industrial projects including petrochemical, chemical, basic and conversion industries and industries relating to renewable energy domestically and outside the Kingdom of Saudi Arabia. Its business is spread across the Middle East and North Africa region. Its products are used to manufacture various basic goods including personal care products, fresh food packaging, lightweight plastics and various others.

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