Almasane Alkobra Mining Co (SAU:1322) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Almasane Alkobra Mining 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. Almasane Alkobra Mining Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Almasane Alkobra Mining Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.03). It may suggest that Almasane Alkobra Mining Co is progressively becoming less dependent on debt to grow their business.

Almasane Alkobra Mining Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Almasane Alkobra Mining 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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Almasane Alkobra Mining Co LT-Debt-to-Total-Asset Chart

Almasane Alkobra Mining Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.33

0.20

0.07

0.03

Almasane Alkobra Mining Co Quarterly Data
	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									0.07	0.04	0.03	0.03	0.03

Almasane Alkobra Mining Co LT-Debt-to-Total-Asset Calculation

Almasane Alkobra Mining 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 )
	=	44.359	/	1454.214
	=	0.03

Almasane Alkobra Mining 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 )
	=	43.753	/	1432.475
	=	0.03

Almasane Alkobra Mining Co (SAU:1322) 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.

Almasane Alkobra Mining Co LT-Debt-to-Total-Asset Related Terms

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Almasane Alkobra Mining Co (SAU:1322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Almasane Alkobra Mining Co (SAU:1322) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

P.O. Box 96, Najran, SAU

Website

https://www.amak.com.sa

Almasane Alkobra Mining Co is engaged in mining non-ferrous metal ores (aluminium, copper, and lead), mining ores of precious metals belonging to the gold, silver, and platinum group, and wholesaling precious metals and gemstones.

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