Asia Cement (Asia Cement) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Asia Cement 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. Asia Cement's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Asia Cement's long-term debt to total assets ratio declined from Mar. 2023 (0.17) to Mar. 2024 (0.14). It may suggest that Asia Cement is progressively becoming less dependent on debt to grow their business.

Asia Cement LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia Cement'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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Asia Cement LT-Debt-to-Total-Asset Chart

Asia Cement Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.17

0.18

0.15

Asia Cement 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															0.17	0.15	0.14	0.15	0.14

Asia Cement LT-Debt-to-Total-Asset Calculation

Asia Cement'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 )
	=	1592.498	/	10774.742
	=	0.15

Asia Cement'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 )
	=	1550.247	/	10885.138
	=	0.14

Asia Cement (OTCPK:AACMZ) 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.

Asia Cement LT-Debt-to-Total-Asset Related Terms

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Asia Cement (Asia Cement) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Asia Cement Corp (OTCPK:AACMZ) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1102:Taiwan

Address

No. 207, Dunhua South Road, 30th-31st Floor, Section 2, Daan District, Taipei, TWN, 106

Website

https://www.acc.com.tw

Asia Cement Corp manufactures and sells cement, concrete, and cement-related products to the construction and building industries. The firm also provides a range of services that include industrial plant development, real estate, real estate leasing, warehousing, parking management, waste disposal, and international trade. Asia Cement's product portfolio includes Portland cement types I and II, cement clinker, ready-mix concrete, furnace powder, plaster, and silica sand. The majority of revenue comes from Taiwan and China. Its reportable segments are as follows: Cement, electric power, investment, engineering, transportation, stainless steel, and leasing.

Asia Cement (Asia Cement) Headlines

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The very first move in the cement industry - Asia Cement Corporation's "Full Shore Power" for a Green, Low-Carbon Port

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