Fad International Co (SAU:9589) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Fad International 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. Fad International Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Fad International Co's long-term debt to total assets ratio increased from . 20 (0.00) to Jun. 2024 (0.09). It may suggest that Fad International Co is progressively becoming more dependent on debt to grow their business.

Fad International Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fad International 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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Fad International Co LT-Debt-to-Total-Asset Chart

Fad International Co Annual Data

Trend

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.05

Fad International Co Quarterly Data
	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	0.11	-	0.05	0.09

Fad International Co LT-Debt-to-Total-Asset Calculation

Fad International 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 )
	=	4.178	/	78.602
	=	0.05

Fad International Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	7.222	/	76.839
	=

Fad International Co (SAU:9589) 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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Fad International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fad International Co (SAU:9589) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hay Al-Andalus - Muhammad Al-Bakri Street, P.O. Box: 3247, Jeddah, SAU

Website

http://www.fadint.com

Fad International Co manages two trending fashion brands, femi9 and Vivid Flair London, with 71 stores across three continents. Both brands are managed completely in-house, from design, logistics and production to distribution and retail processes.

Fad International Co Headlines

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