Guan Chong Bhd (XKLS:5102) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Guan Chong 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. Guan Chong Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Guan Chong Bhd's long-term debt to total assets ratio declined from Mar. 2023 (0.18) to Mar. 2024 (0.12). It may suggest that Guan Chong Bhd is progressively becoming less dependent on debt to grow their business.

Guan Chong Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guan Chong 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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Guan Chong Bhd LT-Debt-to-Total-Asset Chart

Guan Chong Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.17

0.13

0.12

0.13

Guan Chong Bhd 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															0.18	0.14	0.13	0.13	0.12

Guan Chong Bhd LT-Debt-to-Total-Asset Calculation

Guan Chong Bhd'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 )
	=	711.131	/	5501.918
	=	0.13

Guan Chong Bhd'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 )
	=	742.838	/	6148.072
	=	0.12

Guan Chong Bhd (XKLS:5102) 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.

Guan Chong Bhd LT-Debt-to-Total-Asset Related Terms

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Guan Chong Bhd (XKLS:5102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Guan Chong Bhd (XKLS:5102) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

PLO 273, Jalan Timah 2, Kawasan Perindustrian, Pasir Gudang, JHR, MYS, 81700

Website

https://www.gcbcocoa.com

Guan Chong Bhd is engaged in investment holding, manufacturing, distributing and trading in Cocoa butter, Cocoa Cake, Cocoa powder and Cocoa-derived food ingredients. Geographically, the Group operates in Malaysia, Singapore, Indonesia and Germany of which key revenue is derived from Singapore.

Guan Chong Bhd (XKLS:5102) Headlines

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