Anaam International Holding Group (SAU:4061) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Anaam International Holding Group 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. Anaam International Holding Group's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Anaam International Holding Group's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.21). It may suggest that Anaam International Holding Group is progressively becoming more dependent on debt to grow their business.

Anaam International Holding Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anaam International Holding Group'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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Anaam International Holding Group LT-Debt-to-Total-Asset Chart

Anaam International Holding Group Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.21

Anaam International Holding Group 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															-	-	0.02	0.21	0.21

Anaam International Holding Group LT-Debt-to-Total-Asset Calculation

Anaam International Holding Group'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 )
	=	128.563	/	617.118
	=	0.21

Anaam International Holding Group'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 )
	=	128.563	/	615.77
	=	0.21

Anaam International Holding Group (SAU:4061) 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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Anaam International Holding Group (SAU:4061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Anaam International Holding Group (SAU:4061) » Definitions » LT-Debt-to-Total-Asset

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Address

Al-Mahjar Street, B.O.Pox 6352, Jeddah, SAU, 21442

Website

http://www.anaamgroup.com

Anaam International Holding Group is engaged in imports of frozen and dry food products and distribution throughout Saudi Arabia, growing alfalfa, corn, wheat and some fruits and vegetables. It is also involved in the management and leasing of cold and dry storage facilities, building, managing and maintenance of commercial centres, building, managing and operating industrial projects. The company has also established ownership, leasing and rental contracts of properties, hangars, repair shops, import and export of marine equipment and the right to engage in commercial and industrial activities to produce meat, livestock, wool, and leather trade within the Kingdom.

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