Chonburi Concrete Product PCL (BKK:CCP) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Chonburi Concrete Product 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. Chonburi Concrete Product PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Chonburi Concrete Product PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.03). It may suggest that Chonburi Concrete Product PCL is progressively becoming more dependent on debt to grow their business.

Chonburi Concrete Product PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chonburi Concrete Product 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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Chonburi Concrete Product PCL LT-Debt-to-Total-Asset Chart

Chonburi Concrete Product PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.14

0.05

0.06

0.03

Chonburi Concrete Product 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															-	0.05	0.04	0.03	0.03

Chonburi Concrete Product PCL LT-Debt-to-Total-Asset Calculation

Chonburi Concrete Product 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 )
	=	104.594	/	3164.098
	=	0.03

Chonburi Concrete Product 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 )
	=	86.508	/	3178.207
	=	0.03

Chonburi Concrete Product PCL (BKK:CCP) 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.

Chonburi Concrete Product PCL LT-Debt-to-Total-Asset Related Terms

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Chonburi Concrete Product PCL (BKK:CCP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chonburi Concrete Product PCL (BKK:CCP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

39/1 Moo 1, Sukhumvit Road, Tambol Huaykapi, Amphur Muang, Chonburi, THA, 20000

Website

https://www.ccp.co.th

Chonburi Concrete Product PCL is mainly engaged in the manufacturing and distribution of concrete products and ready mixed concrete in Thailand. Its products include Ready-Mixed Concrete, Precast concrete for structure system works and precast concrete for decorative works, among others. The operations of the company mainly in Thailand involve several industry segments, namely the production and sales of construction products, real estate rental and transportation services.

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