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Lease IT PCL (BKK:LIT) Liabilities-to-Assets : 0.26 (As of Mar. 2024)


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What is Lease IT PCL Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. Lease IT PCL's Total Liabilities for the quarter that ended in Mar. 2024 was ฿335.40 Mil. Lease IT PCL's Total Assets for the quarter that ended in Mar. 2024 was ฿1,299.30 Mil. Therefore, Lease IT PCL's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 was 0.26.


Lease IT PCL Liabilities-to-Assets Historical Data

The historical data trend for Lease IT PCL's Liabilities-to-Assets 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.

* Premium members only.

Lease IT PCL Liabilities-to-Assets Chart

Lease IT PCL Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Liabilities-to-Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.68 0.59 0.56 0.45 0.30

Lease IT PCL Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Liabilities-to-Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.31 0.32 0.31 0.30 0.26

Competitive Comparison of Lease IT PCL's Liabilities-to-Assets

For the Credit Services subindustry, Lease IT PCL's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lease IT PCL's Liabilities-to-Assets Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Lease IT PCL's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where Lease IT PCL's Liabilities-to-Assets falls into.



Lease IT PCL Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

Lease IT PCL's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )=Total Liabilities/Total Assets
=433.672/1424.489
=0.30

Lease IT PCL's Liabilities-to-Assets Ratio for the quarter that ended in Mar. 2024 is calculated as

Liabilities-to-Assets (Q: Mar. 2024 )=Total Liabilities/Total Assets
=335.395/1299.302
=0.26

* 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.


Lease IT PCL  (BKK:LIT) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.


Lease IT PCL Liabilities-to-Assets Related Terms

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Lease IT PCL (BKK:LIT) Business Description

Traded in Other Exchanges
N/A
Address
Rama III Road, 1023 MS Siam Tower, 29th Floor, Chongnonsi, Yannawa, Bangkok, THA, 10120
Lease IT PCL is a Thailand-based company engaged in providing financial services in the form of hire-purchase, leasing, factoring services, and loans. It is organized into three business segments based on its services such as Lending business in term of hire-purchase, financial leases, factoring from selling and service, loans and sales of goods, Providing the data information and credit analysis included the project management and online shopping service platform with installment payment. It generates maximum revenue from financial services.

Lease IT PCL (BKK:LIT) Headlines

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