Navakij Insurance PCL (BKK:NKI) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Navakij Insurance 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. Navakij Insurance PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Navakij Insurance PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.01). It may suggest that Navakij Insurance PCL is progressively becoming more dependent on debt to grow their business.

Navakij Insurance PCL LT-Debt-to-Total-Asset Historical Data

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

Navakij Insurance PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Navakij Insurance 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															0.01	0.01	0.01	-	0.01

Navakij Insurance PCL LT-Debt-to-Total-Asset Calculation

Navakij Insurance 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 )
	=	23.669	/	6169.718
	=	0.00

Navakij Insurance 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 )
	=	33.92	/	6103.54
	=	0.01

Navakij Insurance PCL (BKK:NKI) 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.

Navakij Insurance PCL LT-Debt-to-Total-Asset Related Terms

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Navakij Insurance PCL (BKK:NKI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Navakij Insurance PCL (BKK:NKI) » Definitions » LT-Debt-to-Total-Asset

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Address

100/47-55, and 90/3-6, North Sathorn Road, Sathon Thani Complex, Floor 26-27, 100/50-55, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.navakij.co.th

Navakij Insurance PCL is a Thailand-based company engaged in the provision of non-life insurance. The different kinds of insurance offered by the company include Motor Insurance, Fire Insurance, Marine and Transportation Insurance, and miscellaneous Insurance. The Company operates its business in Thailand only.

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