Star Money PCL (BKK:SM) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Star Money 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. Star Money PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Star Money PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.11) to Sep. 2024 (0.07). It may suggest that Star Money PCL is progressively becoming less dependent on debt to grow their business.

Star Money PCL LT-Debt-to-Total-Asset Historical Data

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

Star Money PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.20

0.15

0.12

0.09

Star Money PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.11	0.09	0.09	0.08	0.07

Star Money PCL LT-Debt-to-Total-Asset Calculation

Star Money 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 )
	=	273.253	/	2959.607
	=	0.09

Star Money 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 )
	=	205.636	/	3140.036
	=	0.07

Star Money PCL (BKK:SM) 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.

Star Money PCL LT-Debt-to-Total-Asset Related Terms

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Star Money PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Star Money PCL (BKK:SM) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

204/1-8 Sukhumwit Road, Thang Kwian Sub district, Klaeng District, Rayong, THA, 21110

Website

https://www.starmoney.co.th

Star Money PCL is an electrical appliance distributor and a credit provider in various types: a loan for a car, motorcycle, bus, truck, and agricultural vehicle and a home loan or land loan. it has four reportable segments as follows: Sales, Hire purchase, Lending business, and Others. The majority of its revenue is derived from the Sales segment.