North East Rubber PCL (BKK:NER) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is North East Rubber 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. North East Rubber PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

North East Rubber PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.30). It may suggest that North East Rubber PCL is progressively becoming less dependent on debt to grow their business.

North East Rubber PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for North East Rubber 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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North East Rubber PCL LT-Debt-to-Total-Asset Chart

North East Rubber PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.09

0.26

0.32

0.30

North East Rubber PCL 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															0.34	0.34	0.30	0.30	0.30

North East Rubber PCL LT-Debt-to-Total-Asset Calculation

North East Rubber PCL'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 )
	=	5066.595	/	16839.115
	=	0.30

North East Rubber PCL'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 )
	=	5033.749	/	16990.144
	=	0.30

North East Rubber PCL (BKK:NER) 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.

North East Rubber PCL LT-Debt-to-Total-Asset Related Terms

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North East Rubber PCL (BKK:NER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » North East Rubber PCL (BKK:NER) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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N/A

Address

398 Moo 4 Khok Ma, Prakhon Chai, Buriram Province, Bangkok, THA, 31140

Website

https://www.nerubber.com

North East Rubber PCL manufactures, exports and sells Ribbed Smoked Sheet, Standard Thai Rubber and Rubber Mixtures. In addition, the company provides the analysis and testing of the quality of rubber under the company's own operations. Geographically, The maximum revenue generate from Thailand.

North East Rubber PCL (BKK:NER) Headlines

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