PTL (PTLE) Debt-to-Asset : 0.01 (As of Jun. 2024)

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What is PTL Debt-to-Asset?

PTL's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.0 Mil. PTL's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was $0.0 Mil. PTL's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was $9.6 Mil. PTL's debt to asset for the quarter that ended in Jun. 2024 was 0.01.

PTL Debt-to-Asset Historical Data

The historical data trend for PTL'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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PTL Debt-to-Asset Chart

PTL Annual Data

Trend

Dec22

Dec23

Debt-to-Asset

PTL Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	-	-	-	0.01

Competitive Comparison of PTL's Debt-to-Asset

For the Specialty Retail subindustry, PTL'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.

PTL's Debt-to-Asset Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, PTL's Debt-to-Asset distribution charts can be found below:

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

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PTL Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

PTL's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(0	+	0)	/	11.036
	=	0.00

PTL's Debt-to-Asset for the quarter that ended in Jun. 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
	=	(0.037	+	0.019)	/	9.628
	=	0.01

PTL (NAS:PTLE) 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.

PTL Debt-to-Asset Related Terms

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PTL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PTL Ltd (NAS:PTLE) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 North Bridge Road, No. 23-06A, Peninsula Plaza, Singapore, SGP, 179098

Website

https://www.petrolinkhk.com

PTL Ltd is a holding company. Through its subsidiaries, it is an established bunkering facilitator providing marine fuel logistics services for vessel refuelling, primarily serving the Asia Pacific market. As a bunker facilitator, the Group's services mainly involve facilitating with its suppliers to supply fuel for the use by the customers' vessels at various ports along their voyages in the Asia Pacific region; arranging vessel refuelling activities at competitive pricing to the customers; offering trade credit to the customers for vessel refuelling; handling unforeseeable circumstances faced by the customers and providing contingency solutions to the customers in a timely manner; and handling disputes, mainly in relation to quality and quantity issues on marine fuel, if any.