Eastern Commercial Leasing PCL (BKK:EAST) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2024)

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What is Eastern Commercial Leasing 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. Eastern Commercial Leasing PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.27.

Eastern Commercial Leasing PCL's long-term debt to total assets ratio declined from Dec. 2023 (0.28) to Dec. 2024 (0.27). It may suggest that Eastern Commercial Leasing PCL is progressively becoming less dependent on debt to grow their business.

Eastern Commercial Leasing PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Eastern Commercial Leasing 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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Eastern Commercial Leasing PCL LT-Debt-to-Total-Asset Chart

Eastern Commercial Leasing PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.31

0.20

0.18

0.28

0.27

Eastern Commercial Leasing PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.28	0.29	0.29	0.29	0.27

Eastern Commercial Leasing PCL LT-Debt-to-Total-Asset Calculation

Eastern Commercial Leasing PCL'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 )
	=	1388.914	/	5069.871
	=	0.27

Eastern Commercial Leasing PCL'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 )
	=	1388.914	/	5069.871
	=	0.27

Eastern Commercial Leasing PCL (BKK:EAST) 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.

Eastern Commercial Leasing PCL LT-Debt-to-Total-Asset Related Terms

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Eastern Commercial Leasing PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Eastern Commercial Leasing PCL (BKK:EAST) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

EAST-R:Thailand

Address

Rim Klong Samsean Road, 976/1, Soi Rama 9 Hospital, Bang Kapi Subdistrict, Huai Khwang District, Bangkok, THA, 10310

Website

https://www.ecl.co.th

Eastern Commercial Leasing PCL is engaged in business of credit services to personal and juristic person in the form of hire purchase and regulated personal loan with motor vehicle registration as collateral and regulated personal loan without motor vehicle registration as collateral.