Nok Airlines PCL (Nok Airlines PCL) LT-Debt-to-Total-Asset : 0.87 (As of Dec. 2023)

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What is Nok Airlines 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. Nok Airlines PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.87.

Nok Airlines PCL's long-term debt to total assets ratio declined from Dec. 2022 (0.90) to Dec. 2023 (0.87). It may suggest that Nok Airlines PCL is progressively becoming less dependent on debt to grow their business.

Nok Airlines PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nok Airlines 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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Nok Airlines PCL LT-Debt-to-Total-Asset Chart

Nok Airlines 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

0.94

0.90

0.87

Nok Airlines PCL Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.94	0.97	0.90	0.82	0.87

Nok Airlines PCL LT-Debt-to-Total-Asset Calculation

Nok Airlines 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 )
	=	294.972	/	339.415
	=	0.87

Nok Airlines PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	294.972	/	339.415
	=	0.87

Nok Airlines PCL (OTCPK:NOKFF) 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.

Nok Airlines PCL LT-Debt-to-Total-Asset Related Terms

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Nok Airlines PCL (Nok Airlines PCL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nok Airlines PCL (OTCPK:NOKFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

NOKPF:USA

Address

Vibhavadi Rangsit Road, Central Building, Room No. 4235, 4th Floor, 222 Don Mueang International Airport, Sanambin Sub-district, Don Mueang District, Bangkok, THA, 10210

Website

https://www.nokair.com

Nok Airlines PCL is a Thailand-based company. It is engaged in providing air transport services for passengers. The company operates in two business segments which is Domestic Air Services and International Air Services. The Domestic Air Services business segment generates the maximum revenue for the company.

Nok Airlines PCL (Nok Airlines PCL) Headlines

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