IFS Capital Holdings (Thailand) PCL (BKK:IFS) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is IFS Capital Holdings (Thailand) 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. IFS Capital Holdings (Thailand) PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

IFS Capital Holdings (Thailand) PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that IFS Capital Holdings (Thailand) PCL is progressively becoming less dependent on debt to grow their business.

IFS Capital Holdings (Thailand) PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for IFS Capital Holdings (Thailand) 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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IFS Capital Holdings (Thailand) PCL LT-Debt-to-Total-Asset Chart

IFS Capital Holdings (Thailand) PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.07

0.05

0.03

0.01

IFS Capital Holdings (Thailand) 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															0.02	0.01	0.01	0.01	0.01

IFS Capital Holdings (Thailand) PCL LT-Debt-to-Total-Asset Calculation

IFS Capital Holdings (Thailand) 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 )
	=	26.775	/	3818.055
	=	0.01

IFS Capital Holdings (Thailand) 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 )
	=	19.87	/	3623.828
	=	0.01

IFS Capital Holdings (Thailand) PCL (BKK:IFS) 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.

IFS Capital Holdings (Thailand) PCL LT-Debt-to-Total-Asset Related Terms

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IFS Capital Holdings (Thailand) PCL (BKK:IFS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » IFS Capital Holdings (Thailand) PCL (BKK:IFS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1168/55 Rama IV Road, 20th Floor Lumpini Tower, Tungmahamek, Sathorn, Bangkok, THA, 10120

Website

https://www.ifscapthai.com

IFS Capital Holdings (Thailand) PCL is a Thailand-based company which is involved in three business segments. A factoring business is a short-term loan that provides liquidity to the business immediately and enables the business to increase its turnover in the form of buying accounts receivable. The factoring facility applies to both domestic and international sales. Hire purchase and finance leasing businesses are long-term loans for investment in the business industry. Others encompass a range of activities from corporate decisions, income and expenses not attributed to the business segments described. The majority is derived from Factoring Business.