PT Adira Dinamika Multi Finance Tbk (ISX:ADMF) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is PT Adira Dinamika Multi Finance Tbk 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. PT Adira Dinamika Multi Finance Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

PT Adira Dinamika Multi Finance Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.21) to Mar. 2024 (0.19). It may suggest that PT Adira Dinamika Multi Finance Tbk is progressively becoming less dependent on debt to grow their business.

PT Adira Dinamika Multi Finance Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Adira Dinamika Multi Finance Tbk'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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PT Adira Dinamika Multi Finance Tbk LT-Debt-to-Total-Asset Chart

PT Adira Dinamika Multi Finance Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.27

0.46

0.34

0.41

PT Adira Dinamika Multi Finance Tbk 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															0.21	0.45	0.45	0.41	0.19

PT Adira Dinamika Multi Finance Tbk LT-Debt-to-Total-Asset Calculation

PT Adira Dinamika Multi Finance Tbk'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 )
	=	12655577	/	31007222
	=	0.41

PT Adira Dinamika Multi Finance Tbk'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 )
	=	6486512	/	33695146
	=	0.19

PT Adira Dinamika Multi Finance Tbk (ISX:ADMF) 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.

PT Adira Dinamika Multi Finance Tbk LT-Debt-to-Total-Asset Related Terms

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PT Adira Dinamika Multi Finance Tbk (ISX:ADMF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » PT Adira Dinamika Multi Finance Tbk (ISX:ADMF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Jl. Jend. Sudirman Kav. 25, 53rd - 61st Floor, Millenium Centennial Center, Karet Setiabudi, Jakarta Selatan, IDN, 12920

Website

https://www.adira.co.id

PT Adira Dinamika Multi Finance Tbk is an Indonesian finance company. The revenue for the company is derived from consumer financing for used or new cars or motorcycles, electronic goods, furniture, and others. Besides conventional consumer financing, the company also offers Islamic consumer financing, finance leasing, and operating leasing for automobiles. The company's geographical business segment into areas consisting of Jabodetabekser, West Java, Central Java, East Java, Sumatera, Kalimantan, Sulawesi, Bali & Nusa Tenggara.

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