Steamships Trading Co (ASX:SST) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2024)

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What is Steamships Trading Co 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. Steamships Trading Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.22.

Steamships Trading Co's long-term debt to total assets ratio declined from Dec. 2023 (0.41) to Dec. 2024 (0.22). It may suggest that Steamships Trading Co is progressively becoming less dependent on debt to grow their business.

Steamships Trading Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Steamships Trading Co'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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Steamships Trading Co LT-Debt-to-Total-Asset Chart

Steamships Trading Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.25

0.13

0.05

0.41

0.22

Steamships Trading Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.02	0.41	0.23	0.22

Steamships Trading Co LT-Debt-to-Total-Asset Calculation

Steamships Trading Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	152.947	/	683.678
	=	0.22

Steamships Trading Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	152.947	/	683.678
	=	0.22

Steamships Trading Co (ASX:SST) 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.

Steamships Trading Co LT-Debt-to-Total-Asset Related Terms

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Steamships Trading Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Steamships Trading Co Ltd (ASX:SST) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

345, Stanley Esplanade, Section 20, Allotments 3, 4 and 5, Level 2 Granville, PO Box 1, National Capital District, Port Moresby, PNG, NCD 121

Website

https://www.steamships.com.pg

Steamships Trading Co Ltd is a diversified holding company. The company's operating segment includes Property and hospitality, Logistics, and Commercial & investment. It generates maximum revenue from the Logistics segment, which consists of shipping and land-based freight transport and related services divisions. The Property and hospitality segment consists of the hotels owned and operated by the group and also its property leasing division and Commercial and investment - which consists of commercial, head office administration function and insurance activities The group operates in Papua New Guinea.