Kijcharoen Engineering Electric PCL (BKK:KJL) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Kijcharoen Engineering Electric 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. Kijcharoen Engineering Electric PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Kijcharoen Engineering Electric PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.04). It may suggest that Kijcharoen Engineering Electric PCL is progressively becoming less dependent on debt to grow their business.

Kijcharoen Engineering Electric PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kijcharoen Engineering Electric 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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Kijcharoen Engineering Electric PCL LT-Debt-to-Total-Asset Chart

Kijcharoen Engineering Electric PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.19

0.15

0.10

0.06

Kijcharoen Engineering Electric PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.09	0.08	0.07	0.06	0.04

Kijcharoen Engineering Electric PCL LT-Debt-to-Total-Asset Calculation

Kijcharoen Engineering Electric 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 )
	=	58.44	/	1057.773
	=	0.06

Kijcharoen Engineering Electric 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 )
	=	44.417	/	1106.695
	=	0.04

Kijcharoen Engineering Electric PCL (BKK:KJL) 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.

Kijcharoen Engineering Electric PCL LT-Debt-to-Total-Asset Related Terms

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Kijcharoen Engineering Electric PCL (BKK:KJL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kijcharoen Engineering Electric PCL (BKK:KJL) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

61 and 61/5 Moo 8 Soi Wirunrat Setthakit Road, Thamai, Krathum Baen, Samut Sakhon, THA, 74110

Website

https://www.kjl.co.th

Kijcharoen Engineering Electric PCL is engaged in production and distribution of electrical cabinets, wireway and all kinds of wiring devices.

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