SM Prime Holdings (PHS:SMPH) LT-Debt-to-Total-Asset : 0.26 (As of Mar. 2024)

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What is SM Prime Holdings 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. SM Prime Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.26.

SM Prime Holdings's long-term debt to total assets ratio declined from Mar. 2023 (0.32) to Mar. 2024 (0.26). It may suggest that SM Prime Holdings is progressively becoming less dependent on debt to grow their business.

SM Prime Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for SM Prime Holdings'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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SM Prime Holdings LT-Debt-to-Total-Asset Chart

SM Prime Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.30

0.33

0.34

0.31

SM Prime Holdings 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															0.32	0.33	0.33	0.31	0.26

SM Prime Holdings LT-Debt-to-Total-Asset Calculation

SM Prime Holdings'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 )
	=	294622.256	/	943327.575
	=	0.31

SM Prime Holdings'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 )
	=	253039.074	/	959376.2
	=	0.26

SM Prime Holdings (PHS:SMPH) 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.

SM Prime Holdings LT-Debt-to-Total-Asset Related Terms

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SM Prime Holdings (PHS:SMPH) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SM Prime Holdings Inc (PHS:SMPH) » Definitions » LT-Debt-to-Total-Asset

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SPHXF:USA

Address

Coral Way cor. J.W. Diokno Boulevard, 10th Floor, Mall of Asia Arena Annex Building, Mall of Asia Complex, Brgy. 76, Zone 10, CBP-1A, Pasay, PHL, 1300

Website

https://www.smprime.com

SM Prime Holdings Inc is an integrated property developer in Southeast Asia. Through subsidiaries and business units, it sells affordable condominium units and develops and leases office buildings in Metro Manila. It also houses a unit that develops and manages hotel and convention centers across the Philippines. Residential properties are strategically offered near business and lifestyle districts and provide a host of amenities at prices that cater to the middle market. Malls are the leading revenue provider and are equipped to handle thousands of residents in addition to cinema operations.

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