Heng Leasing and Capital PCL (BKK:HENG) LT-Debt-to-Total-Asset : 0.36 (As of Mar. 2024)

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What is Heng Leasing and Capital 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. Heng Leasing and Capital PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.36.

Heng Leasing and Capital PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.29) to Mar. 2024 (0.36). It may suggest that Heng Leasing and Capital PCL is progressively becoming more dependent on debt to grow their business.

Heng Leasing and Capital PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Heng Leasing and Capital 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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Heng Leasing and Capital PCL LT-Debt-to-Total-Asset Chart

Heng Leasing and Capital PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.22

0.15

0.29

0.36

Heng Leasing and Capital PCL Quarterly Data
	Dec17	Dec18	Dec19	Jun20	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													0.29	0.32	0.34	0.36	0.36

Heng Leasing and Capital PCL LT-Debt-to-Total-Asset Calculation

Heng Leasing and Capital 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 )
	=	5676.801	/	15673.196
	=	0.36

Heng Leasing and Capital 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 )
	=	5469.128	/	15370.271
	=	0.36

Heng Leasing and Capital PCL (BKK:HENG) 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.

Heng Leasing and Capital PCL LT-Debt-to-Total-Asset Related Terms

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Heng Leasing and Capital PCL (BKK:HENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Heng Leasing and Capital PCL (BKK:HENG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Moo 7, Tambon Sansai Noi, Amphur Sansai, Chiang Mai, THA, 50210

Website

https://www.hengleasing.com

Heng Leasing and Capital PCL is engaged in the single operating segment of hire purchase and loan receivables. The operations are carried on in a single geographical area of Thailand.

Heng Leasing and Capital PCL (BKK:HENG) Headlines

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