Saudi Lime Industries Co (SAU:9566) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Saudi Lime Industries 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 Lime Industries Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Saudi Lime Industries Co's long-term debt to total assets ratio declined from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Saudi Lime Industries Co is progressively becoming less dependent on debt to grow their business.

Saudi Lime Industries Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Saudi Lime Industries 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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Saudi Lime Industries Co LT-Debt-to-Total-Asset Chart

Saudi Lime Industries Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.01

Saudi Lime Industries Co Semi-Annual Data
	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	-	0.01	0.01	0.01

Saudi Lime Industries Co LT-Debt-to-Total-Asset Calculation

Saudi Lime Industries 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 )
	=	1.732	/	324.019
	=	0.01

Saudi Lime Industries Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1.732	/	324.019
	=	0.01

Saudi Lime Industries Co (SAU:9566) 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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Saudi Lime Industries Co (SAU:9566) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Saudi Lime Industries Co (SAU:9566) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Al-Kharj Road, P.O Box 355208, Second Industrial City, Riyadh, SAU, 11383

Website

https://saudilime.com

Saudi Lime Industries Co is engaged in the manufacturing of quick and hydrated lime, quicklime powder, the manufacturing of lime sand bricks of various sizes, and the manufacturing of calcium carbonate.

Saudi Lime Industries Co (SAU:9566) Headlines

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