Clover Power PCL (BKK:CV) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Clover Power 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. Clover Power PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Clover Power PCL's long-term debt to total assets ratio increased from Dec. 2022 (0.23) to Dec. 2023 (0.29). It may suggest that Clover Power PCL is progressively becoming more dependent on debt to grow their business.

Clover Power PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Clover Power 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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Clover Power PCL LT-Debt-to-Total-Asset Chart

Clover Power PCL Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.22

0.17

0.11

0.23

0.29

Clover Power PCL Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.23	0.29	0.32	0.31	0.29

Clover Power PCL LT-Debt-to-Total-Asset Calculation

Clover Power 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 )
	=	1306.592	/	4441.242
	=	0.29

Clover Power PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1306.592	/	4441.242
	=	0.29

Clover Power PCL (BKK:CV) 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.

Clover Power PCL LT-Debt-to-Total-Asset Related Terms

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Clover Power PCL (BKK:CV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Clover Power PCL (BKK:CV) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159 Soi Rama 9 57/1 (Wisetsuk 2), Phatthanakan Subdistrict, Suan Luang District, Bangkok, THA, 10250

Website

https://www.cloverpower.co.th

Clover Power PCL operates as a fully integrated renewable energy business. Its business is classified into three main divisions namely power generation and distribution business, engineering service business and renewable energy business. The Group operates in three geographic areas which are Thailand, Australia, and Vietnam.

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