Techno Medical PCL (BKK:TM) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Techno Medical 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. Techno Medical PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Techno Medical PCL's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.11) to Mar. 2024 (0.11).

Techno Medical PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Techno Medical 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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Techno Medical PCL LT-Debt-to-Total-Asset Chart

Techno Medical PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.06

0.10

0.11

Techno Medical 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															0.11	0.11	0.12	0.11	0.11

Techno Medical PCL LT-Debt-to-Total-Asset Calculation

Techno Medical 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 )
	=	110.136	/	983.337
	=	0.11

Techno Medical 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 )
	=	108.088	/	968.203
	=	0.11

Techno Medical PCL (BKK:TM) 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.

Techno Medical PCL LT-Debt-to-Total-Asset Related Terms

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Techno Medical PCL (BKK:TM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Techno Medical PCL (BKK:TM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

29 Soi Latphrao 92, Phlap Phla sub-district, Wang Thong Lang district, Bangkok, THA, 10310

Website

https://www.technomedical.co.th

Techno Medical PCL is a Thailand-based company engaged in the trading business of medical supplies, tools, and equipment. The business activity of the group is import and distribution of operating instruments and disposable supplies, central sterile supply department products, instrument and supply used in laboratory and blood bank, and equipment and tools for heart surgery. Its segments consist of Disposable Equipment and Supplies and Medical Equipment and Instrument. Substantial revenue is derived from Disposable Equipment and Supplies segment.