Singapore Airlines (Singapore Airlines) LT-Debt-to-Total-Asset : 0.32 (As of Dec. 2023)

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What is Singapore Airlines 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. Singapore Airlines's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.32.

Singapore Airlines's long-term debt to total assets ratio declined from Dec. 2022 (0.33) to Dec. 2023 (0.32). It may suggest that Singapore Airlines is progressively becoming less dependent on debt to grow their business.

Singapore Airlines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Singapore Airlines'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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Singapore Airlines LT-Debt-to-Total-Asset Chart

Singapore Airlines Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.21

0.26

0.35

0.30

0.25

Singapore Airlines Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.25	0.32	0.25	0.32

Singapore Airlines LT-Debt-to-Total-Asset Calculation

Singapore Airlines's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	9081.91	/	36629.019
	=	0.25

Singapore Airlines'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 )
	=	10320.171	/	32530.516
	=	0.32

Singapore Airlines (OTCPK:SINGY) 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.

Singapore Airlines LT-Debt-to-Total-Asset Related Terms

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Singapore Airlines (Singapore Airlines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Singapore Airlines Ltd (OTCPK:SINGY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

SINGF:USA SIA19:Thailand C6L:Singapore SIA1:Germany

Address

25 Airline Road, Airline House, Sinagapore, SGP, 819829

Website

https://www.singaporeair.com

Singapore Airlines is Singapore's flagship carrier and one of the region's largest airlines in revenue and carrying capacity. The company's hub is Changi Airport, providing regional and cross-continental passenger and cargo services destined to or transit through Singapore. The company operates under dual brands: the premium carrier, SIA, coupled with its wholly owned subsidiary, and the low-cost regional carrier Scoot. It also owns stakes in SATs and SIA Engineering.

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