Ho Chi Minh City Infrastructure Investment JSC (STC:CII) LT-Debt-to-Total-Asset : 0.50 (As of Mar. 2024)

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What is Ho Chi Minh City Infrastructure Investment JSC 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. Ho Chi Minh City Infrastructure Investment JSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.50.

Ho Chi Minh City Infrastructure Investment JSC's long-term debt to total assets ratio increased from Mar. 2023 (0.30) to Mar. 2024 (0.50). It may suggest that Ho Chi Minh City Infrastructure Investment JSC is progressively becoming more dependent on debt to grow their business.

Ho Chi Minh City Infrastructure Investment JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ho Chi Minh City Infrastructure Investment JSC'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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Ho Chi Minh City Infrastructure Investment JSC LT-Debt-to-Total-Asset Chart

Ho Chi Minh City Infrastructure Investment JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.45

0.43

0.33

0.42

Ho Chi Minh City Infrastructure Investment JSC 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															0.30	0.27	0.30	0.42	0.50

Ho Chi Minh City Infrastructure Investment JSC LT-Debt-to-Total-Asset Calculation

Ho Chi Minh City Infrastructure Investment JSC'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 )
	=	14037633.938	/	33184094.516
	=	0.42

Ho Chi Minh City Infrastructure Investment JSC'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 )
	=	18114464.045	/	36205093.96
	=	0.50

Ho Chi Minh City Infrastructure Investment JSC (STC:CII) 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.

Ho Chi Minh City Infrastructure Investment JSC LT-Debt-to-Total-Asset Related Terms

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Ho Chi Minh City Infrastructure Investment JSC (STC:CII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ho Chi Minh City Infrastructure Investment JSC (STC:CII) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

50 Ton That Dam Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City, VNM

Website

http://www.cii.com.vn

Ho Chi Minh City Infrastructure Investment JSC engages in construction, development, and operation of infrastructure projects. The investment activities of the company include bridge and road, water, and real estate. Some of the projects of the company include Hanoi highway expansion phrase 2, Saigon 2 bridge, rach chiec bridge, rach mieu bridge phrase 2, tan hiep 2 water plant project, diamond riverside building project, and lu gia building project.

Ho Chi Minh City Infrastructure Investment JSC (STC:CII) Headlines

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