PT Apexindo Pratama Duta Tbk (ISX:APEX) LT-Debt-to-Total-Asset : 0.45 (As of Mar. 2024)

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What is PT Apexindo Pratama Duta Tbk 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. PT Apexindo Pratama Duta Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.45.

PT Apexindo Pratama Duta Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.47) to Mar. 2024 (0.45). It may suggest that PT Apexindo Pratama Duta Tbk is progressively becoming less dependent on debt to grow their business.

PT Apexindo Pratama Duta Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Apexindo Pratama Duta Tbk'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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PT Apexindo Pratama Duta Tbk LT-Debt-to-Total-Asset Chart

PT Apexindo Pratama Duta Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.66

0.39

0.37

0.48

0.46

PT Apexindo Pratama Duta Tbk 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	0.47	0.47	0.46	0.45

PT Apexindo Pratama Duta Tbk LT-Debt-to-Total-Asset Calculation

PT Apexindo Pratama Duta Tbk'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 )
	=	1836846.381	/	3965717.915
	=	0.46

PT Apexindo Pratama Duta Tbk'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 )
	=	1817314.318	/	4002716.298
	=	0.45

PT Apexindo Pratama Duta Tbk (ISX:APEX) 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.

PT Apexindo Pratama Duta Tbk LT-Debt-to-Total-Asset Related Terms

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PT Apexindo Pratama Duta Tbk (ISX:APEX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Apexindo Pratama Duta Tbk (ISX:APEX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Jend. Sudirman Kav. 52- 53, Office 8 Building, 20th-21st Floor, SCBD Lot 28, Kebayoran Baru, Jakarta, IDN, 12190

Website

https://www.apexindo.com

PT Apexindo Pratama Duta Tbk is a drilling contractor. The company's operating segment includes Offshore drilling services and Onshore drilling services. It generates maximum revenue from the Offshore drilling services segment. The company serves oil and gas, geothermal, and coal bed methane industries. It provides offshore-drilling services which include Swampbarges and Jack-up, and onshore drilling services to clients.