Syn Mun Kong Insurance PCL (BKK:SMK) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Syn Mun Kong 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. Syn Mun Kong Insurance PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Syn Mun Kong Insurance PCL's long-term debt to total assets ratio declined from Sep. 2022 (0.01) to Sep. 2023 (0.00). It may suggest that Syn Mun Kong Insurance PCL is progressively becoming less dependent on debt to grow their business.

Syn Mun Kong Insurance PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Syn Mun Kong 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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Syn Mun Kong Insurance PCL LT-Debt-to-Total-Asset Chart

Syn Mun Kong Insurance PCL Annual Data

Trend

Dec13

Dec14

Dec15

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Dec17

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Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.01

Syn Mun Kong Insurance PCL Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	-	-

Syn Mun Kong Insurance PCL LT-Debt-to-Total-Asset Calculation

Syn Mun Kong Insurance PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	42.706	/	7265.08
	=	0.01

Syn Mun Kong Insurance PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	21.619	/	6731.416
	=	0.00

Syn Mun Kong Insurance PCL (BKK:SMK) 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.

Syn Mun Kong Insurance PCL LT-Debt-to-Total-Asset Related Terms

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Syn Mun Kong Insurance PCL (BKK:SMK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Syn Mun Kong Insurance PCL (BKK:SMK) » Definitions » LT-Debt-to-Total-Asset

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Address

313 Srinakarin Road, Huamark, Bangkapi, Bangkok, THA, 10240

Website

https://www.smk.co.th

Syn Mun Kong Insurance PCL is a Thailand company principally engaged in providing non-life insurance services. It operates its insurance business in fire, marine and transportation, motor, and miscellaneous insurance. The motor segment generates a vast majority of the revenues for the company. Geographically, it operates its business in Thailand.

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