Thai Nippon Rubber Industry PCL (BKK:TNR) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Thai Nippon Rubber Industry 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. Thai Nippon Rubber Industry PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Thai Nippon Rubber Industry PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.01). It may suggest that Thai Nippon Rubber Industry PCL is progressively becoming less dependent on debt to grow their business.

Thai Nippon Rubber Industry PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Nippon Rubber Industry 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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Thai Nippon Rubber Industry PCL LT-Debt-to-Total-Asset Chart

Thai Nippon Rubber Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.05

0.01

0.03

0.01

Thai Nippon Rubber Industry 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															0.03	0.02	0.02	0.01	0.01

Thai Nippon Rubber Industry PCL LT-Debt-to-Total-Asset Calculation

Thai Nippon Rubber Industry 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 )
	=	15.118	/	1802.578
	=	0.01

Thai Nippon Rubber Industry 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 )
	=	17.439	/	1826.537
	=	0.01

Thai Nippon Rubber Industry PCL (BKK:TNR) 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.

Thai Nippon Rubber Industry PCL LT-Debt-to-Total-Asset Related Terms

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Thai Nippon Rubber Industry PCL (BKK:TNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Nippon Rubber Industry PCL (BKK:TNR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Charoen Rat Road, Thung Wat Don Subdistrict, Sathon District, Bangkok, THA, 10120

Website

https://www.tnrcondom.com

Thai Nippon Rubber Industry PCL provides personal care products. The company's operating segments are Condoms and lubricating gels and Paper boxes. Nippon derives its revenues by retailing and distributing condoms and lubricant gel that are branded under the ONETOUCH, Niptex, and others.

Thai Nippon Rubber Industry PCL (BKK:TNR) Headlines

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