Mida Assets PCL (BKK:MIDA) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Mida Assets 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. Mida Assets PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Mida Assets PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.15) to Sep. 2024 (0.07). It may suggest that Mida Assets PCL is progressively becoming less dependent on debt to grow their business.

Mida Assets PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Mida Assets 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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Mida Assets PCL LT-Debt-to-Total-Asset Chart

Mida Assets PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.16

0.09

0.16

Mida Assets PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.16	0.08	0.08	0.07

Mida Assets PCL LT-Debt-to-Total-Asset Calculation

Mida Assets 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 )
	=	1655.251	/	10533.492
	=	0.16

Mida Assets PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	789.937	/	11221.614
	=	0.07

Mida Assets PCL (BKK:MIDA) 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.

Mida Assets PCL LT-Debt-to-Total-Asset Related Terms

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Mida Assets PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mida Assets PCL (BKK:MIDA) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MIDA-R:Thailand

Address

267 Charansanitwong Road, Bang-Or, Bangplad, Bangkok, THA, 10700

Website

http://www.midaassets.com

Mida Assets PCL is a Thailand-based company engaged in different businesses such as sales of merchandise and hire-purchases financing for electronic equipment and used cars, real estate development, hotel operations services and management, golf course rental, agency for sale of real estate, advertising, public relation and events organizing services, providing financial services, management of non-performing assets and security guard services. Its segments include the Hire-purchase business, Real estate development, Hotel operation, Agency for sale real estate, and Advertising, public relations, and events services, of which key revenue is derived from the Hire-purchase business. The group has a business presence in Thailand and other countries.

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