Next Capital PCL (BKK:NCAP) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Next 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. Next Capital PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Next Capital PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.27). It may suggest that Next Capital PCL is progressively becoming more dependent on debt to grow their business.

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

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

Next Capital PCL Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.35

0.33

0.25

0.30

Next Capital PCL Quarterly Data
	Dec18	Jun19	Dec19	Mar20	Jun20	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														0.22	0.30	0.29	0.30	0.27

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

Next 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 )
	=	2988.213	/	10078.709
	=	0.30

Next 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 )
	=	2700.648	/	9999.139
	=	0.27

Next Capital PCL (BKK:NCAP) 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.

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

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Next Capital PCL (BKK:NCAP) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

Surawong Road, No. 163 Thai Samut Building, 15th Floor, Suriyawong, Bangrak, Bangkok, THA, 10500

Website

https://www.nextcapital.co.th

Next Capital PCL is a financial institution that lends credit to the public but does not receive deposits. The company operates a hire-purchase loan business which is not under the supervision of the Bank of Thailand with a focus on serving retail customers who mainly want to own motorcycles by offering new motorcycle hire-purchase loans. It is engaged in two segments which are motorcycle hire-purchase and used truck hire-purchase.