LHN Logistics (SGX:GIH) LT-Debt-to-Total-Asset : 0.30 (As of Mar. 2023)

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What is LHN Logistics 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. LHN Logistics's long-term debt to total assests ratio for the quarter that ended in Mar. 2023 was 0.30.

LHN Logistics's long-term debt to total assets ratio increased from Mar. 2022 (0.00) to Mar. 2023 (0.30). It may suggest that LHN Logistics is progressively becoming more dependent on debt to grow their business.

LHN Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for LHN Logistics'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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LHN Logistics LT-Debt-to-Total-Asset Chart

LHN Logistics Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

LT-Debt-to-Total-Asset

0.24

0.48

0.42

0.37

LHN Logistics Semi-Annual Data
	Sep19	Sep20	Sep21	Mar22	Sep22	Mar23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.48	0.42	-	0.37	0.30

LHN Logistics LT-Debt-to-Total-Asset Calculation

LHN Logistics's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (A: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2022 )	/	Total Assets (A: Sep. 2022 )
	=	13.069	/	35.308
	=	0.37

LHN Logistics's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (Q: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2023 )	/	Total Assets (Q: Mar. 2023 )
	=	11.837	/	39.046
	=	0.30

LHN Logistics (SGX:GIH) 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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LHN Logistics (SGX:GIH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LHN Logistics Ltd (SGX:GIH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Raeburn Park No. 02-15B, Singapore, SGP, 088702

Website

https://www.lhnlogistics.com

LHN Logistics Ltd is a logistics services group with two principal business segments, namely, transportation and container depot services. Geographically it derives a majority of its revenue from Singapore.

LHN Logistics (SGX:GIH) Headlines

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