Krungthai Car Rent And Lease PCL (BKK:KCAR) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Krungthai Car Rent And Lease 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. Krungthai Car Rent And Lease PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Krungthai Car Rent And Lease PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.25) to Mar. 2024 (0.31). It may suggest that Krungthai Car Rent And Lease PCL is progressively becoming more dependent on debt to grow their business.

Krungthai Car Rent And Lease PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Krungthai Car Rent And Lease 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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Krungthai Car Rent And Lease PCL LT-Debt-to-Total-Asset Chart

Krungthai Car Rent And Lease PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.46

0.34

0.27

0.39

Krungthai Car Rent And Lease 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															0.25	0.25	0.33	0.39	0.31

Krungthai Car Rent And Lease PCL LT-Debt-to-Total-Asset Calculation

Krungthai Car Rent And Lease 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 )
	=	2317.813	/	5881.512
	=	0.39

Krungthai Car Rent And Lease 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 )
	=	1827.879	/	5865.033
	=	0.31

Krungthai Car Rent And Lease PCL (BKK:KCAR) 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.

Krungthai Car Rent And Lease PCL LT-Debt-to-Total-Asset Related Terms

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Krungthai Car Rent And Lease PCL (BKK:KCAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Krungthai Car Rent And Lease PCL (BKK:KCAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 455/1 Rama 3 Road, Kwang Bangklo, Khet Bangkorlaem, Bangkok, THA, 10120

Website

http://www.krungthai.co.th

Krungthai Car Rent And Lease PCL are engaged in the rental business. It is engaged in operating lease in car rental business and selling of used cars. In addition, the company offers car maintenance services, such as fitting and repairing services. It operates in the following segments; Car rent of operating segment and the Used car distribution segment. The firm generates maximum revenue from its Car rent of operating segment. It caters its services to corporate clients, including government agencies and private companies, as well as individual clients. Its vehicle models for rentals include economy, compact, intermediate and sports utility vehicles.

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