Jarir Marketing Co (SAU:4190) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Jarir Marketing 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. Jarir Marketing Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Jarir Marketing Co's long-term debt to total assets ratio declined from Mar. 2023 (0.14) to Mar. 2024 (0.14). It may suggest that Jarir Marketing Co is progressively becoming less dependent on debt to grow their business.

Jarir Marketing Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jarir Marketing 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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Jarir Marketing Co LT-Debt-to-Total-Asset Chart

Jarir Marketing Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.15

0.13

0.14

Jarir Marketing Co 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															0.14	0.14	0.13	0.14	0.14

Jarir Marketing Co LT-Debt-to-Total-Asset Calculation

Jarir Marketing 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 )
	=	581.257	/	4110.476
	=	0.14

Jarir Marketing 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 )
	=	583.904	/	4157.501
	=	0.14

Jarir Marketing Co (SAU:4190) 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.

Jarir Marketing Co LT-Debt-to-Total-Asset Related Terms

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Jarir Marketing Co (SAU:4190) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jarir Marketing Co (SAU:4190) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Main Olaya street, P.O. Box 3196, Olaya, Riyadh, SAU, 11471

Website

https://www.jarir.com

Jarir Marketing Company operates retail and wholesale showrooms. The company activity include ) include; retail and wholesale trading in office and school supplies, children toys, books, educational aids, office furniture, engineering equipment, computers and computer systems, electronic and electrical devices, maintenance of computers and electronic and electrical devices, sports and scout equipment and paper. It also includes, purchase of residential and commercial buildings and the acquisition of land to construct buildings for sale or lease for the interest of the Company. The company segments include Retail Outlets, Wholesale, E-commerce, and Others. It generates maximum revenue from the Retail Outlets segment.

Jarir Marketing Co (SAU:4190) Headlines

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