Marine & General Bhd (XKLS:5078) LT-Debt-to-Total-Asset : 0.66 (As of Jan. 2024)

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What is Marine & General Bhd 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. Marine & General Bhd's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.66.

Marine & General Bhd's long-term debt to total assets ratio declined from Jan. 2023 (0.78) to Jan. 2024 (0.66). It may suggest that Marine & General Bhd is progressively becoming less dependent on debt to grow their business.

Marine & General Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Marine & General Bhd'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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Marine & General Bhd LT-Debt-to-Total-Asset Chart

Marine & General Bhd Annual Data

Trend

Jul11

Jul12

Jul13

Jul14

Dec16

Dec17

Apr20

Apr21

Apr22

Apr23

LT-Debt-to-Total-Asset

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0.73

0.02

0.82

0.72

Marine & General Bhd Quarterly Data
	Mar19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.78	0.72	0.70	0.69	0.66

Marine & General Bhd LT-Debt-to-Total-Asset Calculation

Marine & General Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Apr. 2023 is calculated as

LT Debt to Total Assets (A: Apr. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Apr. 2023 )	/	Total Assets (A: Apr. 2023 )
	=	618.861	/	860.041
	=	0.72

Marine & General Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	560.084	/	852.219
	=	0.66

Marine & General Bhd (XKLS:5078) 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.

Marine & General Bhd LT-Debt-to-Total-Asset Related Terms

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Marine & General Bhd (XKLS:5078) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Marine & General Bhd (XKLS:5078) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Jalan Tun Mohd Fuad, Level 23, Plaza VADS, Taman Tun Dr Ismail, Kuala Lumpur, SGR, MYS, 60000

Website

https://www.marine-general.com.my

Marine & General Bhd is an investment holding company. Its operating segments include Marine Logistics - Upstream, which is the key revenue driver; and Marine Logistics - Downstream. Its business activities are the provision of vessel charter services serving the upstream oil and gas industry, the downstream oil and gas sector, and petroleum product tankers. The company generates the majority of its revenue from Malaysia.

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