PT Hotelhid Jaya International Tbk (ISX:SHID) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2024)

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What is PT Hotelhid Jaya International 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 Hotelhid Jaya International Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.30.

PT Hotelhid Jaya International Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.31) to Mar. 2024 (0.30). It may suggest that PT Hotelhid Jaya International Tbk is progressively becoming less dependent on debt to grow their business.

PT Hotelhid Jaya International Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Hotelhid Jaya International 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 Hotelhid Jaya International Tbk LT-Debt-to-Total-Asset Chart

PT Hotelhid Jaya International Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.29

0.34

0.31

PT Hotelhid Jaya International 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															0.31	0.31	0.31	0.31	0.30

PT Hotelhid Jaya International Tbk LT-Debt-to-Total-Asset Calculation

PT Hotelhid Jaya International 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 )
	=	390657.172	/	1264157.215
	=	0.31

PT Hotelhid Jaya International 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 )
	=	374169.139	/	1260289.013
	=	0.30

PT Hotelhid Jaya International Tbk (ISX:SHID) 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 Hotelhid Jaya International Tbk LT-Debt-to-Total-Asset Related Terms

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PT Hotelhid Jaya International Tbk (ISX:SHID) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » PT Hotel Sahid Jaya International Tbk (ISX:SHID) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Jalan Jendral Sudriman No. 86, Sahid Building, South Wing, 2nd Floor, Jakarta, IDN, 10220

Website

https://www.pthsji.com

PT Hotel Sahid Jaya International Tbk engages in the hotel, accommodation, and property businesses. The company operates the Hotel Grand Sahid Jaya, a five-star hotel with rooms, conference rooms, restaurants, office spaces, a shopping arcade, swimming pools, and a tennis court; and rent apartments. It also offers hotel management and consultancy services for the hotel and tourism sectors. It operates in Hotel; PT SIHM&C; and Apartment segment. Its Hotel division contributes most of the firm's revenue.

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