Alamar Foods Co (SAU:6014) LT-Debt-to-Total-Asset : 0.17 (As of Mar. 2024)

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What is Alamar Foods 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. Alamar Foods Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.17.

Alamar Foods Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.17). It may suggest that Alamar Foods Co is progressively becoming less dependent on debt to grow their business.

Alamar Foods Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Alamar Foods 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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Alamar Foods Co LT-Debt-to-Total-Asset Chart

Alamar Foods Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.23

0.20

0.21

0.17

Alamar Foods Co Quarterly Data
	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											0.19	0.19	0.17	0.17	0.17

Alamar Foods Co LT-Debt-to-Total-Asset Calculation

Alamar Foods 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 )
	=	121.622	/	719.001
	=	0.17

Alamar Foods 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 )
	=	113.479	/	678.324
	=	0.17

Alamar Foods Co (SAU:6014) 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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Alamar Foods Co (SAU:6014) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Alamar Foods Co (SAU:6014) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3507 Prince Sultan Bin Abdulaziz Road, Unit 1, Al Olaya, Riyadh, SAU

Website

https://www.alamar.com

Alamar Foods Co is a Quick Service Restaurant (QSR) operator in the Middle East, North Africa, and Pakistan (MENAP Region). The company is into Establishing, operating and managing of fast food restaurants.

Alamar Foods Co (SAU:6014) Headlines

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