Asia Plus Group Holdings PCL (BKK:ASP-F) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Asia Plus Group Holdings 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 Plus Group Holdings PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Asia Plus Group Holdings PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.08) to Mar. 2024 (0.09). It may suggest that Asia Plus Group Holdings PCL is progressively becoming more dependent on debt to grow their business.

Asia Plus Group Holdings PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia Plus Group Holdings 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 Plus Group Holdings PCL LT-Debt-to-Total-Asset Chart

Asia Plus Group Holdings PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.11

0.09

Asia Plus Group Holdings 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															0.08	0.08	0.08	0.09	0.09

Asia Plus Group Holdings PCL LT-Debt-to-Total-Asset Calculation

Asia Plus Group Holdings 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 )
	=	1248.215	/	14057.95
	=	0.09

Asia Plus Group Holdings 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 )
	=	1235.114	/	13425.417
	=	0.09

Asia Plus Group Holdings PCL (BKK:ASP-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 Plus Group Holdings PCL LT-Debt-to-Total-Asset Related Terms

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Asia Plus Group Holdings PCL (BKK:ASP-F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Asia Plus Group Holdings PCL (BKK:ASP-F) » Definitions » LT-Debt-to-Total-Asset

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ASP:Thailand

Address

South Sathorn Road, No. 175, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.asiaplusgroup.co.th

Asia Plus Group Holdings PCL is a Thailand based company engaged in the securities business. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund management, Investment trading and others.

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