Steel Hawk Bhd (XKLS:03049) LT-Debt-to-Total-Asset : 0.09 (As of Dec. 2023)

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What is Steel Hawk 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. Steel Hawk Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.09.

Steel Hawk Bhd's long-term debt to total assets ratio increased from Dec. 2022 (0.08) to Dec. 2023 (0.09). It may suggest that Steel Hawk Bhd is progressively becoming more dependent on debt to grow their business.

Steel Hawk Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Steel Hawk 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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Steel Hawk Bhd LT-Debt-to-Total-Asset Chart

Steel Hawk Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.11

0.16

0.08

0.09

Steel Hawk Bhd Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.08	0.04	0.08	0.07	0.09

Steel Hawk Bhd LT-Debt-to-Total-Asset Calculation

Steel Hawk Bhd'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 )
	=	4.554	/	51.687
	=	0.09

Steel Hawk 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 )
	=	4.554	/	51.687
	=	0.09

Steel Hawk Bhd (XKLS:03049) 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.

Steel Hawk Bhd LT-Debt-to-Total-Asset Related Terms

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Steel Hawk Bhd (XKLS:03049) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Steel Hawk Bhd (XKLS:03049) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dataran Prima, Jalan PJU 1/37, 23-2 & 25-2, Block H, Petaling Jaya, SGR, MYS, 47301

Website

https://www.steelhawk.com.my

Steel Hawk Bhd is engaged in providing technical and engineering support services in the Oil and Gas Industry in Malaysia. It specializes in engineering, scheduled/work pack development, procurement, structural/piping fabrication, electrical/instrumentation installation, pre-commissioning and commissioning and various pipeline maintenance activities.

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