Thai Eastern Group Holdings PCL (BKK:TEGH) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Thai Eastern Group Holdings 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. Thai Eastern Group Holdings PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Thai Eastern Group Holdings PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.08). It may suggest that Thai Eastern Group Holdings PCL is progressively becoming less dependent on debt to grow their business.

Thai Eastern Group Holdings PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Eastern Group Holdings 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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Thai Eastern Group Holdings PCL LT-Debt-to-Total-Asset Chart

Thai Eastern Group Holdings PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.06

0.09

0.11

0.10

Thai Eastern Group Holdings PCL Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.12	0.10	0.09	0.08	0.08

Thai Eastern Group Holdings PCL LT-Debt-to-Total-Asset Calculation

Thai Eastern Group Holdings 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 )
	=	749.668	/	7409.507
	=	0.10

Thai Eastern Group Holdings 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 )
	=	690.116	/	9133.011
	=	0.08

Thai Eastern Group Holdings PCL (BKK:TEGH) 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.

Thai Eastern Group Holdings PCL LT-Debt-to-Total-Asset Related Terms

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Thai Eastern Group Holdings PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Thai Eastern Group Holdings PCL (BKK:TEGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chonburi-Klaeng Road, 171 Moo 2, Khao Sok Subdistrict, Nong Yai District, Chonburi, THA, 20190

Website

https://www.thaieasterngroup.com

Thai Eastern Group Holdings PCL is engaged in the investment in equity securities and the provision of management services. The subsidiaries are principally engaged in the manufacture and distribution of block rubber, concentrated latex, palm oil, palm seed oil, electricity and biogas, including treatment services of organic waste disposal. The company operates in four reportable segment Block rubber and concentrated latex, Crude palm oil, Energy, and Other. The majority of revenue is derived from the Block rubber and concentrated latex segment.

Thai Eastern Group Holdings PCL Headlines

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