Micro Leasing PCL (BKK:MICRO) LT-Debt-to-Total-Asset : 0.33 (As of Mar. 2024)

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What is Micro Leasing 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. Micro Leasing PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.33.

Micro Leasing PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.41) to Mar. 2024 (0.33). It may suggest that Micro Leasing PCL is progressively becoming less dependent on debt to grow their business.

Micro Leasing PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Micro Leasing 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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Micro Leasing PCL LT-Debt-to-Total-Asset Chart

Micro Leasing PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.05

0.36

0.40

0.34

Micro Leasing PCL Quarterly Data
	Dec18	Jun19	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															0.41	0.46	0.46	0.34	0.33

Micro Leasing PCL LT-Debt-to-Total-Asset Calculation

Micro Leasing 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 )
	=	1844.233	/	5374.047
	=	0.34

Micro Leasing 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 )
	=	1744.875	/	5310.719
	=	0.33

Micro Leasing PCL (BKK:MICRO) 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.

Micro Leasing PCL LT-Debt-to-Total-Asset Related Terms

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Micro Leasing PCL (BKK:MICRO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Micro Leasing PCL (BKK:MICRO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

863/3 Phetkasem Road, Sanamchan Sub-district, Muang District, Nakhon Pathom, THA, 73000

Website

https://www.microleasingplc.com

Micro Leasing PCL is engaged in the business of providing hire purchase loans for used trucks, such as 6-wheel, 10-wheel, and 12-wheel trucks. The Group's operations involves operating segments which are hire purchase of trucks business, hire purchase of motorcycles business and insurance brokerage business. The company carries its operations in Thailand.

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