Thai Credit Bank PCL (BKK:CREDIT) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Thai Credit Bank PCL 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. Thai Credit Bank PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Thai Credit Bank PCL's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Mar. 2024 (0.14). It may suggest that Thai Credit Bank PCL is progressively becoming more dependent on debt to grow their business.

Thai Credit Bank PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Credit Bank PCL'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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Thai Credit Bank PCL LT-Debt-to-Total-Asset Chart

Thai Credit Bank PCL Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.05

0.02

Thai Credit Bank PCL Quarterly Data
	Dec21	Sep22	Dec22	Mar23	Sep23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.02	-	0.17	0.14

Thai Credit Bank PCL LT-Debt-to-Total-Asset Calculation

Thai Credit Bank PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2121.138	/	143189.471
	=	0.01

Thai Credit Bank PCL'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 )
	=	25006.442	/	174225.057
	=	0.14

Thai Credit Bank PCL (BKK:CREDIT) 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.

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Thai Credit Bank PCL (BKK:CREDIT) Business Description

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Thai Credit Bank PCL is commercial bank in Thailand. It provides comprehensive financial and investment services and focuses on providing micro SME business loans (MSME) and Nano and Micro Finance to small business entrepreneurs.

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