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Euroasia Total Logistics PCL (BKK:ETL) Liabilities-to-Assets : 0.38 (As of Dec. 2023)


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What is Euroasia Total Logistics PCL Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Euroasia Total Logistics PCL's Total Liabilities for the quarter that ended in Dec. 2023 was ฿409 Mil. Euroasia Total Logistics PCL's Total Assets for the quarter that ended in Dec. 2023 was ฿1,069 Mil. Therefore, Euroasia Total Logistics PCL's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.38.


Euroasia Total Logistics PCL Liabilities-to-Assets Historical Data

The historical data trend for Euroasia Total Logistics PCL's Liabilities-to-Assets 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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Euroasia Total Logistics PCL Liabilities-to-Assets Chart

Euroasia Total Logistics PCL Annual Data
Trend Dec21 Dec22 Dec23
Liabilities-to-Assets
0.68 0.60 0.38

Euroasia Total Logistics PCL Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Liabilities-to-Assets 0.68 - 0.60 0.56 0.38

Competitive Comparison of Euroasia Total Logistics PCL's Liabilities-to-Assets

For the Integrated Freight & Logistics subindustry, Euroasia Total Logistics PCL's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.


Euroasia Total Logistics PCL's Liabilities-to-Assets Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Euroasia Total Logistics PCL's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Euroasia Total Logistics PCL's Liabilities-to-Assets falls into.



Euroasia Total Logistics PCL Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Euroasia Total Logistics PCL's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=409.454/1068.553
=0.38

Euroasia Total Logistics PCL's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )=Total Liabilities/Total Assets
=409.454/1068.553
=0.38

* 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.


Euroasia Total Logistics PCL  (BKK:ETL) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Euroasia Total Logistics PCL Liabilities-to-Assets Related Terms

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Euroasia Total Logistics PCL (BKK:ETL) Business Description

Comparable Companies
Traded in Other Exchanges
N/A
Address
No. 19, 21 Motorway Road, Klong Songtonnoon, Lat Krabang, Bangkok, THA, 10520
Euroasia Total Logistics PCL is engaged in Providing cross-border land transport services.

Euroasia Total Logistics PCL (BKK:ETL) Headlines

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