Genting Malaysia Bhd (XKLS:4715) LT-Debt-to-Total-Asset : 0.44 (As of Dec. 2023)

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What is Genting Malaysia 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. Genting Malaysia Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.44.

Genting Malaysia Bhd's long-term debt to total assets ratio increased from Dec. 2022 (0.42) to Dec. 2023 (0.44). It may suggest that Genting Malaysia Bhd is progressively becoming more dependent on debt to grow their business.

Genting Malaysia Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Genting Malaysia 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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Genting Malaysia Bhd LT-Debt-to-Total-Asset Chart

Genting Malaysia Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.35

0.44

0.42

0.44

Genting Malaysia Bhd 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															0.42	0.42	0.44	0.44	0.44

Genting Malaysia Bhd LT-Debt-to-Total-Asset Calculation

Genting Malaysia 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 )
	=	12766.1	/	29116
	=	0.44

Genting Malaysia 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 )
	=	12766.1	/	29116
	=	0.44

Genting Malaysia Bhd (XKLS:4715) 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.

Genting Malaysia Bhd LT-Debt-to-Total-Asset Related Terms

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Genting Malaysia Bhd (XKLS:4715) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Malaysia Bhd (XKLS:4715) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GMALY:USA

Address

Wisma Genting, Jalan Sultan Ismail, 23rd Floor, Kuala Lumpur, MYS, 50250

Website

https://www.gentingmalaysia.com

Genting Malaysia Bhd is a resort and casino company and is a subsidiary of the holdings company Genting. The company has two primary business segments: Leisure & Hospitality and Properties. The Leisure & Hospitality segment operates numerous resorts, many of which include casinos, theme parks, concerts, restaurants, and retail shopping locations. The flagship resort operates five hotels, an amusement park, and entertainment venues. The Properties segment controls and leases real estate. The company generates the vast majority of its revenue in Malaysia.

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