PT Cemindo Gemilang Tbk (ISX:CMNT) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is PT Cemindo Gemilang 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 Cemindo Gemilang Tbk's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

PT Cemindo Gemilang Tbk's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.31). It may suggest that PT Cemindo Gemilang Tbk is progressively becoming less dependent on debt to grow their business.

PT Cemindo Gemilang Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Cemindo Gemilang 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 Cemindo Gemilang Tbk LT-Debt-to-Total-Asset Chart

PT Cemindo Gemilang Tbk Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.33

0.34

0.31

PT Cemindo Gemilang Tbk Quarterly Data
	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.31	0.30	0.32	0.33	0.31

PT Cemindo Gemilang Tbk LT-Debt-to-Total-Asset Calculation

PT Cemindo Gemilang 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 )
	=	5547531	/	17955984
	=	0.31

PT Cemindo Gemilang Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	5547531	/	17955984
	=	0.31

PT Cemindo Gemilang Tbk (ISX:CMNT) 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 Cemindo Gemilang Tbk LT-Debt-to-Total-Asset Related Terms

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PT Cemindo Gemilang Tbk (ISX:CMNT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » PT Cemindo Gemilang Tbk (ISX:CMNT) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Raya Pluit Selatan Blok S No. 8 I - J, Penjaringan, Jakarta Utara, Jakarta, IDN, 14440

Website

https://www.cemindo.com

PT Cemindo Gemilang Tbk is an integrated cement company primarily engaged in the manufacturing, marketing and distribution of cement and clinker products. The company conducts business activities in three operating segments, namely: Cement and clinker; Ready-mix concrete, and Others. Majority of the company's revenue comes from Cement and clinker segment.

PT Cemindo Gemilang Tbk (ISX:CMNT) Headlines

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