Trans Asia Hotels (COL:TRAN.N0000) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Trans Asia Hotels 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. Trans Asia Hotels's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Trans Asia Hotels's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Trans Asia Hotels is progressively becoming less dependent on debt to grow their business.

Trans Asia Hotels LT-Debt-to-Total-Asset Historical Data

The historical data trend for Trans Asia Hotels'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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Trans Asia Hotels LT-Debt-to-Total-Asset Chart

Trans Asia Hotels Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

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Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.01

Trans Asia Hotels 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															0.01	0.01	0.01	-	-

Trans Asia Hotels LT-Debt-to-Total-Asset Calculation

Trans Asia Hotels's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	0	/	9495.731
	=	0.00

Trans Asia Hotels'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 )
	=	0	/	9495.731
	=	0.00

Trans Asia Hotels (COL:TRAN.N0000) 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.

Trans Asia Hotels LT-Debt-to-Total-Asset Related Terms

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Trans Asia Hotels (COL:TRAN.N0000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Trans Asia Hotels PLC (COL:TRAN.N0000) » Definitions » LT-Debt-to-Total-Asset

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Address

115, Sir Chittampalam A. Gardiner Mawatha, Colombo, LKA, 02

Website

https://www.cinnamonhotels.com

Trans Asia Hotels PLC is a Sri Lanka-based company engaged in the hoteliers business. The company has two reportable segments namely Hotel and Investment properties. It generates maximum revenue from the Hotel segment. The company offers facilities such as soothing spas, ayurvedic treatment centers, rooms, bars, lounges, coffee shops, restaurants, and entertainment spaces combine with star-class service and inspired interiors, giving a heady combination of experiences that are refreshingly authentic.

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