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Advice IT Infinite PCL (BKK:ADVICE) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2023)


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What is Advice IT Infinite PCL 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. Advice IT Infinite PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.04.

Advice IT Infinite PCL's long-term debt to total assets ratio increased from . 20 (0.00) to Sep. 2023 (0.04). It may suggest that Advice IT Infinite PCL is progressively becoming more dependent on debt to grow their business.

Advice IT Infinite PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advice IT Infinite PCL'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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Advice IT Infinite PCL LT-Debt-to-Total-Asset Chart

Advice IT Infinite PCL Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.08 0.06 0.05

Advice IT Infinite PCL Quarterly Data
Dec21 Sep22 Dec22 Sep23
LT-Debt-to-Total-Asset 0.06 - 0.05 0.04

Advice IT Infinite PCL LT-Debt-to-Total-Asset Calculation

Advice IT Infinite PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=133.03/2586.247
=0.05

Advice IT Infinite PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )/Total Assets (Q: Sep. 2023 )
=99.022/2663.736
=0.04

* 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.

Advice IT Infinite PCL  (BKK:ADVICE) 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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Advice IT Infinite PCL (BKK:ADVICE) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Advice IT Infinite PCL (BKK:ADVICE) » Definitions » LT-Debt-to-Total-Asset
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Address
74/1 Moo 1, Tha It Subdistrict, Pak Kret District, Nonthaburi Province, Nonthaburi, THA
Website
https://www.advice.co.th
Advice IT Infinite PCL is a retailer and wholesaler of IT products in the Thailand. It operates a business of selling, retail-wholesale products and providing IT services. It sells a variety of IT products ranging from computer assembly (DIY), notebook computers, desktop computers and various peripherals such as monitors, printers, mice, keyboards, network equipment. The company has three segments; Retail; Wholesale and services, out of which Retail Segment derives maximum profit.

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