NFC PCL (BKK:NFC-R) LT-Debt-to-Total-Asset : 0.69 (As of Mar. 2024)

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What is NFC 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. NFC PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.69.

NFC PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.69) to Mar. 2024 (0.69). It may suggest that NFC PCL is progressively becoming more dependent on debt to grow their business.

NFC PCL LT-Debt-to-Total-Asset Historical Data

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

NFC PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.49

0.68

NFC 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															0.69	0.68	0.68	0.68	0.69

NFC PCL LT-Debt-to-Total-Asset Calculation

NFC 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 )
	=	5244.365	/	7754.526
	=	0.68

NFC 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 )
	=	5331.894	/	7763.307
	=	0.69

NFC PCL (BKK:NFC-R) 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.

NFC PCL LT-Debt-to-Total-Asset Related Terms

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NFC PCL (BKK:NFC-R) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » NFC PCL (BKK:NFC-R) » Definitions » LT-Debt-to-Total-Asset

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NFC:Thailand

Address

The Park Land Road, 88 SC Group Building, 3rd Floor, Bangna Nuea Sub -District, Bangna District, Bangkok, THA, 10260

Website

http://www.nfc.co.th

NFC PCL is a Thailand-based company. Its core business activity is the sale of chemical products and other chemical-related services. The company also provides pier and warehouse services. It engages in the distribution of ammonia used in industries such as dyeing, medicine, polyester, plastic, fertilizer, cooler, oil refinery, rubber, monosodium glutamate, refrigerant; and Sulfuric Acid used in industries such as mining, petrochemical, dyeing, improving, and treating wastewater process. It operates in three reportable segments: Chemical, Service Chemical Storage Tank, and Port Service and Other.

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