Ingress Industrial (Thailand) PCL (BKK:INGRS) LT-Debt-to-Total-Asset : 0.28 (As of Jan. 2024)

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What is Ingress Industrial (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. Ingress Industrial (Thailand) PCL's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.28.

Ingress Industrial (Thailand) PCL's long-term debt to total assets ratio increased from Oct. 2022 (0.27) to Jan. 2024 (0.28). It may suggest that Ingress Industrial (Thailand) PCL is progressively becoming more dependent on debt to grow their business.

Ingress Industrial (Thailand) PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ingress Industrial (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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Ingress Industrial (Thailand) PCL LT-Debt-to-Total-Asset Chart

Ingress Industrial (Thailand) PCL Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

LT-Debt-to-Total-Asset

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0.08

0.17

0.15

0.30

0.28

Ingress Industrial (Thailand) PCL Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.30	0.27	0.25	0.28

Ingress Industrial (Thailand) PCL LT-Debt-to-Total-Asset Calculation

Ingress Industrial (Thailand) PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (A: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 )	/	Total Assets (A: Jan. 2024 )
	=	1919.135	/	6875.218
	=	0.28

Ingress Industrial (Thailand) PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	1919.135	/	6875.218
	=	0.28

Ingress Industrial (Thailand) PCL (BKK:INGRS) 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.

Ingress Industrial (Thailand) PCL LT-Debt-to-Total-Asset Related Terms

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Ingress Industrial (Thailand) PCL (BKK:INGRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ingress Industrial (Thailand) PCL (BKK:INGRS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ramkhamhaeng Road, 9/141, 14th Floor, Unit A, UM Tower Building, Suanluang, Bangkok, THA, 10250

Website

https://www.ingress.co.th

Ingress Industrial (Thailand) PCL is engaged in investment holdings. It manufactures and distributes automotive components. The company derives most of its revenues from Malaysia. Its products include Roll forming products; Stamping Products; and Tool making and automation solutions. Its operations are carried on in Thailand, Malaysia, Indonesia and India.

Ingress Industrial (Thailand) PCL (BKK:INGRS) Headlines

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