Muangthai Capital PCL (BKK:MTC) LT-Debt-to-Total-Asset : 0.59 (As of Mar. 2024)

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What is Muangthai Capital 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. Muangthai Capital PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.59.

Muangthai Capital PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.66) to Mar. 2024 (0.59). It may suggest that Muangthai Capital PCL is progressively becoming less dependent on debt to grow their business.

Muangthai Capital PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Muangthai Capital 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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Muangthai Capital PCL LT-Debt-to-Total-Asset Chart

Muangthai Capital PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.62

0.61

0.57

0.63

0.61

Muangthai Capital 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															0.66	0.67	0.65	0.61	0.59

Muangthai Capital PCL LT-Debt-to-Total-Asset Calculation

Muangthai Capital 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 )
	=	91807.67	/	150155.946
	=	0.61

Muangthai Capital 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 )
	=	90614.011	/	153163.267
	=	0.59

Muangthai Capital PCL (BKK:MTC) 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.

Muangthai Capital PCL LT-Debt-to-Total-Asset Related Terms

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Muangthai Capital PCL (BKK:MTC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Muangthai Capital PCL (BKK:MTC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MTC-F:Thailand

Address

No. 332/1 Charansanitwong Road, Bangplad, Bangplad, Bangkok, THA, 10700

Website

https://www.muangthaicap.com

Muangthai Capital PCL primarily provides loans to consumers in Thailand. The company makes both unsecured personal loans as well as secured loans for specific items. Muangthai's secured loans are generally for cars, motorcycles, agricultural equipment, or land that then serve as collateral. Roughly 85% of the company's total revenue is from interest and fees on the loans, and nearly all the company's revenue is attributable to loans. A very small portion of revenue comes from the company's insurance brokerage business. Muangthai operates exclusively in Thailand.