Major Development PCL (BKK:MJD) LT-Debt-to-Total-Asset : 0.41 (As of Sep. 2024)

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What is Major Development 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. Major Development PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.41.

Major Development PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.50) to Sep. 2024 (0.41). It may suggest that Major Development PCL is progressively becoming less dependent on debt to grow their business.

Major Development PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Major Development 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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Major Development PCL LT-Debt-to-Total-Asset Chart

Major Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.29

0.35

0.40

0.49

Major Development 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															0.50	0.49	0.52	0.46	0.41

Major Development PCL LT-Debt-to-Total-Asset Calculation

Major Development 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 )
	=	8441.013	/	17368.248
	=	0.49

Major Development 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 )
	=	7257.686	/	17758.808
	=	0.41

Major Development PCL (BKK:MJD) 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.

Major Development PCL LT-Debt-to-Total-Asset Related Terms

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Major Development PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Major Development PCL (BKK:MJD) » Definitions » LT-Debt-to-Total-Asset

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Address

Sukhumvit Road, 141 Soi Sukhumvit 63 (Ekamai), Klongton Nua, Wattana, Bangkok, THA, 10110

Website

https://www.mjd.co.th

Major Development PCL is a Thailand-based real estate company. The operating segments of the group are the Property development business segment; the Hotel business segment and the Rental and service business segment. It derives prime revenue from the Property development business segment which engages in the development of land and houses and residential condominium units for sale. The group primarily operates in Thailand.

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