SBS Transit (SGX:S61) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

View and export this data going back to 1997. Start your Free Trial

What is SBS Transit 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. SBS Transit's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

SBS Transit's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.01). It may suggest that SBS Transit is progressively becoming less dependent on debt to grow their business.

SBS Transit LT-Debt-to-Total-Asset Historical Data

The historical data trend for SBS Transit'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.

* Premium members only.

SBS Transit LT-Debt-to-Total-Asset Chart

SBS Transit Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.06

0.05

0.07

0.06

0.01

SBS Transit 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															0.07	0.06	0.06	0.05	0.01

SBS Transit LT-Debt-to-Total-Asset Calculation

SBS Transit'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 )
	=	8.787	/	1172.196
	=	0.01

SBS Transit'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 )
	=	8.787	/	1172.196
	=	0.01

SBS Transit (SGX:S61) 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.

SBS Transit LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of SBS Transit's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

SBS Transit (SGX:S61) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SBS Transit Ltd (SGX:S61) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

205 Braddell Road, Singapore, SGP, 579701

Website

https://www.sbstransit.com.sg

SBS Transit Ltd is a scheduled bus service operator in Singapore. The company operates through two segments comprising Public Transport Services and Other Commercial Services. The Public Transport Services include income generated from the provision of bus and rail services to commuters traveling on public transport systems. The Other Commercial Services include income generated from advertisements on buses and trains and rental collection from commercial and shop space at bus interchanges and rail stations. The firm generates its revenue from the Public Transport Service segment.

SBS Transit (SGX:S61) Headlines

No Headlines