GPP Resources Bhd (XKLS:03029) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is GPP Resources Bhd 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. GPP Resources Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

GPP Resources Bhd's long-term debt to total assets ratio declined from Dec. 2021 (0.34) to Dec. 2023 (0.31). It may suggest that GPP Resources Bhd is progressively becoming less dependent on debt to grow their business.

GPP Resources Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for GPP Resources Bhd'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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GPP Resources Bhd LT-Debt-to-Total-Asset Chart

GPP Resources Bhd Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

0.01

0.04

0.05

0.26

GPP Resources Bhd Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						0.26	0.26	0.34	0.28	0.31

GPP Resources Bhd LT-Debt-to-Total-Asset Calculation

GPP Resources Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	17.358	/	67.874
	=	0.26

GPP Resources Bhd'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 )
	=	15.56	/	49.95
	=	0.31

GPP Resources Bhd (XKLS:03029) 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.

GPP Resources Bhd LT-Debt-to-Total-Asset Related Terms

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GPP Resources Bhd (XKLS:03029) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » GPP Resources Bhd (XKLS:03029) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.7, Jalan Sungai Tiram 1, Ulu Tira, JHR, MYS, 50480

Website

http://www.gppresources.com

GPP Resources Bhd is principally involved in businesses that are related to the use of biomass to produce renewable energy and OPT products. It derives maximum of the revenue from renewable energy. It has three operating segments; Palm oil; Renewable energy plants and energy related facilities; and Manufacturing and Trading. The company earns maximum revenue from Palm oil Segment.

GPP Resources Bhd (XKLS:03029) Headlines

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