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PGHL (Primega Group Holdings) Debt-to-Asset : 0.26 (As of Sep. 2024)


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What is Primega Group Holdings Debt-to-Asset?

Primega Group Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $1.29 Mil. Primega Group Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was $2.59 Mil. Primega Group Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was $14.82 Mil. Primega Group Holdings's debt to asset for the quarter that ended in Sep. 2024 was 0.26.

Primega Group Holdings Debt-to-Asset Historical Data

The historical data trend for Primega Group Holdings's Debt-to-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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Primega Group Holdings Debt-to-Asset Chart

Primega Group Holdings Annual Data
Trend Mar21 Mar22 Mar23 Mar24
Debt-to-Asset
0.55 0.34 0.36 0.34

Primega Group Holdings Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Debt-to-Asset Get a 7-Day Free Trial 0.38 0.36 0.31 0.34 0.26

Competitive Comparison of Primega Group Holdings's Debt-to-Asset

For the Engineering & Construction subindustry, Primega Group Holdings's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Primega Group Holdings's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Primega Group Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Primega Group Holdings's Debt-to-Asset falls into.


Primega Group Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Primega Group Holdings's Debt-to-Asset for the fiscal year that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1.387 + 3.148) / 13.368
=0.34

Primega Group Holdings's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(1.287 + 2.591) / 14.817
=0.26

* 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.

Primega Group Holdings  (NAS:PGHL) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Primega Group Holdings Debt-to-Asset Related Terms

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Primega Group Holdings Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Primega Group Holdings Ltd (NAS:PGHL) » Definitions » Debt-to-Asset
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Traded in Other Exchanges
N/A
Address
34 Tai Yau Street, Room 2912, 29 floor, New Tech Plaza, San Po Kong, Kowloon, Hong Kong, HKG
Website
https://www.primegagroup.com
Primega Group Holdings Ltd is engaged in transportation services. It operates in the Hong Kong construction industry, mainly handling the transportation of materials excavated from construction sites. Its services principally comprise (i) soil and rock transportation services; (ii) diesel oil trading; and (iii) construction works, which mainly include ELS works and bored piling. The company provide services as a subcontractor to other construction contractors in Hong Kong. Maximum revenue is generated from soil and rock transportation services.