Prime Road Power PCL (BKK:PRIME) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Prime Road Power 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. Prime Road Power PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Prime Road Power PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.47) to Mar. 2024 (0.44). It may suggest that Prime Road Power PCL is progressively becoming less dependent on debt to grow their business.

Prime Road Power PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prime Road Power 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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Prime Road Power PCL LT-Debt-to-Total-Asset Chart

Prime Road Power PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.31

0.36

0.44

0.56

Prime Road Power 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															0.47	0.49	0.52	0.56	0.44

Prime Road Power PCL LT-Debt-to-Total-Asset Calculation

Prime Road Power 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 )
	=	5149.043	/	9237.899
	=	0.56

Prime Road Power 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 )
	=	4176.983	/	9490.567
	=	0.44

Prime Road Power PCL (BKK:PRIME) 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.

Prime Road Power PCL LT-Debt-to-Total-Asset Related Terms

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Prime Road Power PCL (BKK:PRIME) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Prime Road Power PCL (BKK:PRIME) » Definitions » LT-Debt-to-Total-Asset

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Address

1 Soi Vibhavadee-Rangsit 19 Chatuchak, 22nd Floor TP&T Tower, Chatuchak, Bangkok, THA, 10900

Website

https://www.primeroadpower.com

Prime Road Power PCL is a renewable energy project developer in Thailand. It is engaged in the construction of power plants and the generation of electricity from renewable energy for distribution to individuals, corporations, government agencies, and state-owned enterprises both domestic and overseas. The group has a business presence in Thailand and other countries, of which a majority of revenue is derived from Thailand.

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