Platinum Asia Investments (ASX:PAI) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Platinum Asia Investments 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. Platinum Asia Investments's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Platinum Asia Investments's long-term debt to total assets ratio declined from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Platinum Asia Investments is progressively becoming less dependent on debt to grow their business.

Platinum Asia Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for Platinum Asia Investments'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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Platinum Asia Investments LT-Debt-to-Total-Asset Chart

Platinum Asia Investments Annual Data

Trend

Jun17

Jun18

Jun19

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Jun23

Jun24

LT-Debt-to-Total-Asset

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Platinum Asia Investments Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												-	-	-	-	-

Platinum Asia Investments LT-Debt-to-Total-Asset Calculation

Platinum Asia Investments's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	0	/	383.098
	=	0.00

Platinum Asia Investments's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	383.098
	=	0.00

Platinum Asia Investments (ASX:PAI) 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.

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Platinum Asia Investments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Platinum Asia Investments Ltd (ASX:PAI) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

7 Macquarie Place, Level 8, Sydney, NSW, AUS, 2000

Website

https://www.platinumasia.com.au

Platinum Asia Investments Ltd is a closed-ended investment company. The company is engaged in the investment of funds internationally into securities of companies. Its objective is to provide capital growth over the long term by investing predominantly in undervalued listed securities of companies in the Asian Region ex-Japan across sectors. It benchmarks the performance of its portfolio against the MSCI All Country Asia ex-Japan Net Index. The majority of the investment income is generated from equity securities.