Tomei Consolidated Bhd (XKLS:7230) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Tomei Consolidated 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. Tomei Consolidated Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Tomei Consolidated Bhd's long-term debt to total assets ratio increased from Mar. 2023 (0.10) to Mar. 2024 (0.13). It may suggest that Tomei Consolidated Bhd is progressively becoming more dependent on debt to grow their business.

Tomei Consolidated Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tomei Consolidated 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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Tomei Consolidated Bhd LT-Debt-to-Total-Asset Chart

Tomei Consolidated Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.06

0.11

0.14

Tomei Consolidated Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.16	0.15	0.14	0.13

Tomei Consolidated Bhd LT-Debt-to-Total-Asset Calculation

Tomei Consolidated 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 )
	=	100.617	/	735.828
	=	0.14

Tomei Consolidated Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	96.596	/	771.331
	=	0.13

Tomei Consolidated Bhd (XKLS:7230) 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.

Tomei Consolidated Bhd LT-Debt-to-Total-Asset Related Terms

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Tomei Consolidated Bhd (XKLS:7230) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tomei Consolidated Bhd (XKLS:7230) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan 2/131A, Jalan Kelang Lama, 8-1, Batu 6, Project Jaya Industrial Estate, Kuala Lumpur, MYS, 58200

Website

https://www.tomei.com.my

Tomei Consolidated Bhd is an integrated jewellery manufacturer and retailer of gold and jewellery. The company operates its business through two segments: Manufacturing and Wholesales; and Retail segment. Its wholesale segment serves various jewellery retailers in Malaysia and some of its products are exported to Singapore, Vietnam, Thailand, Indonesia, and European countries. The company operates some retail outlets under brands - Tomei, Goldheart, Le Lumiere and De Beers. Its retail segment contributes to the vast majority of total revenue.

Tomei Consolidated Bhd (XKLS:7230) Headlines

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