Thai Textile Industry PCL (BKK:TTI) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Thai Textile Industry 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 Textile Industry PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Thai Textile Industry PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.01) to Mar. 2024 (0.00). It may suggest that Thai Textile Industry PCL is progressively becoming less dependent on debt to grow their business.

Thai Textile Industry PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Textile Industry 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 Textile Industry PCL LT-Debt-to-Total-Asset Chart

Thai Textile Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Thai Textile Industry PCL 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															0.01	0.01	0.01	0.01	-

Thai Textile Industry PCL LT-Debt-to-Total-Asset Calculation

Thai Textile Industry PCL'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 )
	=	16.415	/	3539.513
	=	0.00

Thai Textile Industry 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 )
	=	14.27	/	3523.645
	=	0.00

Thai Textile Industry PCL (BKK:TTI) 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.

Thai Textile Industry PCL LT-Debt-to-Total-Asset Related Terms

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Thai Textile Industry PCL (BKK:TTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Thai Textile Industry PCL (BKK:TTI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Soi Bang Make Khao, Sukhumvit Road, 385 Moo 1, Soi Bang Make Khao, Taiban, Samutprakarn, Samutprakarn, THA, 10280

Website

http://www.tti.co.th

Thai Textile Industry PCL is engaged in the business of manufacturing, spinning service render, distributing yarns, apparel, and fabrics. The business operates in one segment that is Manufacturing and Distributing Yarns, Apparel, and Fabrics. The company caters only to the Thailand market. The product line of the company consists of blended yarns, dyed yarns, yarn dyed fabrics, piece dyed fabrics, shirt garments, cotton yarns, cotton spandex, rayon, polyester, and linen.