Can-One Bhd (XKLS:5105) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)

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What is Can-One 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. Can-One Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

Can-One Bhd's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.21). It may suggest that Can-One Bhd is progressively becoming more dependent on debt to grow their business.

Can-One Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Can-One 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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Can-One Bhd LT-Debt-to-Total-Asset Chart

Can-One Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.17

0.19

0.22

Can-One 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															0.19	0.20	0.20	0.22	0.21

Can-One Bhd LT-Debt-to-Total-Asset Calculation

Can-One 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 )
	=	969.55	/	4483.226
	=	0.22

Can-One 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 )
	=	939.755	/	4430.759
	=	0.21

Can-One Bhd (XKLS:5105) 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.

Can-One Bhd LT-Debt-to-Total-Asset Related Terms

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Can-One Bhd (XKLS:5105) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Can-One Bhd (XKLS:5105) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan SS 6/6, Kelana Jaya, 2B-4, Level 4, Petaling Jaya, SGR, MYS, 47301

Website

https://www.canone.com.my

Can-One Bhd is an investment holding company. It operates through the following segments, 1) General packaging division - General cans (Tin cans, jerry cans and rigid packaging) segment 2) General packaging division - Aluminium cans segment, 3) General packaging division - Cartons segment, 4) Contract manufacturing division, 5) Trading division, 6) Property development and investment holding division. The company's geographical segments include Malaysia, Vietnam, Singapore, Myanmar, Indonesia and United States of America.

Can-One Bhd (XKLS:5105) Headlines

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