Cirtek Holdings Philippines (PHS:TCB2A.PFD) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Cirtek Holdings Philippines 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. Cirtek Holdings Philippines's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Cirtek Holdings Philippines's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.08). It may suggest that Cirtek Holdings Philippines is progressively becoming less dependent on debt to grow their business.

Cirtek Holdings Philippines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cirtek Holdings Philippines'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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Cirtek Holdings Philippines LT-Debt-to-Total-Asset Chart

Cirtek Holdings Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.16

0.10

0.08

Cirtek Holdings Philippines 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															0.09	0.09	0.10	0.08	0.08

Cirtek Holdings Philippines LT-Debt-to-Total-Asset Calculation

Cirtek Holdings Philippines'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 )
	=	21.234	/	284.759
	=	0.07

Cirtek Holdings Philippines'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 )
	=	21.219	/	278.088
	=	0.08

Cirtek Holdings Philippines (PHS:TCB2A.PFD) 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.

Cirtek Holdings Philippines LT-Debt-to-Total-Asset Related Terms

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Cirtek Holdings Philippines (PHS:TCB2A.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirtek Holdings Philippines Corp (PHS:TCB2A.PFD) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TCB2B.PFD:Philippines TECH:Philippines

Address

116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024

Website

https://www.cirtekholdings.com

Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.

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