Thai Union Feedmill PCL (BKK:TFM) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Thai Union Feedmill 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 Union Feedmill PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Thai Union Feedmill PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Thai Union Feedmill PCL is progressively becoming less dependent on debt to grow their business.

Thai Union Feedmill PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Union Feedmill 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 Union Feedmill PCL LT-Debt-to-Total-Asset Chart

Thai Union Feedmill PCL Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.02

Thai Union Feedmill PCL Quarterly Data
	Dec18	Dec19	Mar20	Jun20	Dec20	Mar21	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															0.02	0.02	0.02	0.02	0.01

Thai Union Feedmill PCL LT-Debt-to-Total-Asset Calculation

Thai Union Feedmill 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 )
	=	65.503	/	3320.699
	=	0.02

Thai Union Feedmill 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 )
	=	50.918	/	3581.14
	=	0.01

Thai Union Feedmill PCL (BKK:TFM) 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 Union Feedmill PCL LT-Debt-to-Total-Asset Related Terms

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Thai Union Feedmill PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Thai Union Feedmill PCL (BKK:TFM) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

TFM-R:Thailand

Address

89/1 Moo 2, Rama 2 Road, Kalong Subdistrict, Mueang District, Samut Sakhon Province, Samut Sakhon, THA, 74000

Website

https://www.thaiunionfeedmill.com

Thai Union Feedmill PCL is a manufacturer and distributor of aquatic feed in Thailand. Business is organised into four reportable segments; Shrimp feed products; Fish feed products; Livestock feed products and Others. The firm generates the majority of its revenue from Shrimp feed products. Geographically the company generates revenue from Thailand, Sri Lanka, Pakistan, Indonesia, and others, with the majority of revenue generated from Thailand.