Asia Aviation PCL (BKK:AAV-F) LT-Debt-to-Total-Asset : 0.49 (As of Mar. 2024)

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What is Asia Aviation PCL 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. Asia Aviation PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.49.

Asia Aviation PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.51) to Mar. 2024 (0.49). It may suggest that Asia Aviation PCL is progressively becoming less dependent on debt to grow their business.

Asia Aviation PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia Aviation PCL'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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Asia Aviation PCL LT-Debt-to-Total-Asset Chart

Asia Aviation PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.28

0.43

0.50

0.53

0.50

Asia Aviation PCL 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															0.51	0.52	0.52	0.50	0.49

Asia Aviation PCL LT-Debt-to-Total-Asset Calculation

Asia Aviation PCL'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 )
	=	33537.52	/	67793.881
	=	0.49

Asia Aviation PCL'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 )
	=	34282.761	/	70535.641
	=	0.49

Asia Aviation PCL (BKK:AAV-F) 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.

Asia Aviation PCL LT-Debt-to-Total-Asset Related Terms

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Asia Aviation PCL (BKK:AAV-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia Aviation PCL (BKK:AAV-F) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

AAV:Thailand 55AA:Germany

Address

Vibhavadee Rangsit Road, 3rd floor, Central Office Building, Room no. 3200, 222, Don Mueang International Airport, Sanam Bin District, Don Mueang District, Bangkok, THA, 10210

Website

https://www.aavplc.com

Asia Aviation PCL is a holding company for Thai AirAsia Company Ltd that is engaged in investing in a low-fare airline business company. The company has two operating segments; Schedule flight operations provide passenger air transportation services to routine destinations for scheduled flights. It sells tickets through its distribution channels such as websites, sale counters, travel agents. and Chartered flight operations provide passenger air transportation services to non-routine destinations. Flights are operated when there is hiring from customers such as tourist agency companies.

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