Sharjah Cement & Industrial Development Co (ADX:SCIDC) Debt-to-Asset : 0.24 (As of Mar. 2024)

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What is Sharjah Cement & Industrial Development Co Debt-to-Asset?

Sharjah Cement & Industrial Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ337.3 Mil. Sharjah Cement & Industrial Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was د.إ125.2 Mil. Sharjah Cement & Industrial Development Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was د.إ1,934.7 Mil. Sharjah Cement & Industrial Development Co's debt to asset for the quarter that ended in Mar. 2024 was 0.24.

Sharjah Cement & Industrial Development Co Debt-to-Asset Historical Data

The historical data trend for Sharjah Cement & Industrial Development Co's Debt-to-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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Sharjah Cement & Industrial Development Co Debt-to-Asset Chart

Sharjah Cement & Industrial Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.25

0.23

0.21

0.22

0.24

Sharjah Cement & Industrial Development Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.21	0.23	0.24	0.24	0.24

Competitive Comparison of Sharjah Cement & Industrial Development Co's Debt-to-Asset

For the Conglomerates subindustry, Sharjah Cement & Industrial Development Co's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Sharjah Cement & Industrial Development Co's Debt-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Sharjah Cement & Industrial Development Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Sharjah Cement & Industrial Development Co's Debt-to-Asset falls into.

Sharjah Cement & Industrial Development Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Sharjah Cement & Industrial Development Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(356.279	+	112.16)	/	1935.148
	=	0.24

Sharjah Cement & Industrial Development Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(337.325	+	125.218)	/	1934.73
	=	0.24

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Sharjah Cement & Industrial Development Co Debt-to-Asset Related Terms

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Sharjah Cement & Industrial Development Co (ADX:SCIDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Sharjah Cement & Industrial Development Co (ADX:SCIDC) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Bank Street, Al Hisn Tower, P.O. Box No. 2083, 14th Floor, Sharjah, ARE

Website

https://www.sharjahcement.com

Sharjah Cement & Industrial Development Co is engaged in the manufacturing and supply of cement, paper sacks, and plastic ropes. The Company invests its surplus funds in investment securities, private equities, and properties. The company operates from Sharjah, United Arab Emirates and sells its products within UAE and many other countries, including the Middle East, Africa, and Asia. The Company has two reportable segments, 1) Manufacturing segment includes cement, paper sacks and ropes products. 2) Investment segment includes investment and cash management for the company's own account. The investment segment is organised into two business units as follows: Investment and letting out properties in UAE and Investment in public and private equities and funds, majorly in GCC and Asia.

Sharjah Cement & Industrial Development Co (ADX:SCIDC) Headlines

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