Mobile Telecommunications Companyudi Arabia (SAU:7030) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

View and export this data going back to 2008. Start your Free Trial

What is Mobile Telecommunications Companyudi Arabia 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. Mobile Telecommunications Companyudi Arabia's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Mobile Telecommunications Companyudi Arabia's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.28). It may suggest that Mobile Telecommunications Companyudi Arabia is progressively becoming less dependent on debt to grow their business.

Mobile Telecommunications Companyudi Arabia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mobile Telecommunications Companyudi Arabia'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.

Mobile Telecommunications Companyudi Arabia LT-Debt-to-Total-Asset Chart

Mobile Telecommunications Companyudi Arabia Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.28

0.17

0.14

0.23

0.31

Mobile Telecommunications Companyudi Arabia 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															0.30	0.27	0.26	0.31	0.28

Mobile Telecommunications Companyudi Arabia LT-Debt-to-Total-Asset Calculation

Mobile Telecommunications Companyudi Arabia'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 )
	=	8604.262	/	27378.232
	=	0.31

Mobile Telecommunications Companyudi Arabia'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 )
	=	7608.83	/	26837.842
	=	0.28

Mobile Telecommunications Companyudi Arabia (SAU:7030) 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.

Mobile Telecommunications Companyudi Arabia LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Mobile Telecommunications Companyudi Arabia's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Mobile Telecommunications Companyudi Arabia (SAU:7030) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Mobile Telecommunications Company Saudi Arabia (SAU:7030) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Granada Business Park - Building A3, Zain in Saudi Arabia, P.O. Box 295814, Riyadh, SAU, 11351

Website

https://www.sa.zain.com

Mobile Telecommunications Company Saudi Arabia serves in the communication sector based in the Middle East. The company is engaged in the purchases, sells, distributes, installs, manages and maintains mobile telephone services and equipment. It also provides consulting services; constructs and repairs telecom towers and others. The firm's Mobile Telecommunications Group derives the majority of its revenue.

Mobile Telecommunications Companyudi Arabia (SAU:7030) Headlines

No Headlines