Ades Holding Co (SAU:2382) Debt-to-Asset : 0.53 (As of Mar. 2024)

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What is Ades Holding Co Debt-to-Asset?

Ades Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼1,265 Mil. Ades Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ﷼9,521 Mil. Ades Holding Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ﷼20,183 Mil. Ades Holding Co's debt to asset for the quarter that ended in Mar. 2024 was 0.53.

Ades Holding Co Debt-to-Asset Historical Data

The historical data trend for Ades Holding 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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Ades Holding Co Debt-to-Asset Chart

Ades Holding Co Annual Data

Trend

Dec23

Debt-to-Asset

0.57

Ades Holding Co Quarterly Data
	Mar23	Dec23	Mar24
Debt-to-Asset	-	0.57	0.53

Competitive Comparison of Ades Holding Co's Debt-to-Asset

For the Oil & Gas Drilling subindustry, Ades Holding 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.

Ades Holding Co's Debt-to-Asset Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ades Holding Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Ades Holding Co's Debt-to-Asset falls into.

Ades Holding Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Ades Holding 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
	=	(1336.571	+	9656.952)	/	19422.451
	=	0.57

Ades Holding 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
	=	(1265.424	+	9521.006)	/	20183.373
	=	0.53

Ades Holding Co (SAU:2382) 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.

Ades Holding Co Debt-to-Asset Related Terms

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Ades Holding Co (SAU:2382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ades Holding Co (SAU:2382) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

7429 Prince turki street, Corniche District, Al Khobar, SAU, 2203

Website

https://www.adesgroup.com

Ades Holding Co is a company whose main purpose is oil and gas drilling and production services providing in the MENA region. The Company's main activities are as follows which is Contracting services for excavation and maintenance of onshore and offshore wells, Services related to oil extraction, Excavation and onshore and offshore maintenance services. Provision of contracted offshore and onshore excavation services Provision of maintenance and production services.

Ades Holding Co (SAU:2382) Headlines

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