Thachang Green Energy PCL (BKK:TGE) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is Thachang Green Energy 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. Thachang Green Energy PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

Thachang Green Energy PCL's long-term debt to total assets ratio declined from Dec. 2023 (0.20) to Dec. 2024 (0.13). It may suggest that Thachang Green Energy PCL is progressively becoming less dependent on debt to grow their business.

Thachang Green Energy PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thachang Green Energy 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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Thachang Green Energy PCL LT-Debt-to-Total-Asset Chart

Thachang Green Energy PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.52

0.46

0.27

0.20

0.13

Thachang Green Energy PCL Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.18	0.16	0.15	0.13

Thachang Green Energy PCL LT-Debt-to-Total-Asset Calculation

Thachang Green Energy PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	454.663	/	3423.053
	=	0.13

Thachang Green Energy PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	454.663	/	3423.053
	=	0.13

Thachang Green Energy PCL (BKK:TGE) 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.

Thachang Green Energy PCL LT-Debt-to-Total-Asset Related Terms

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Thachang Green Energy PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Thachang Green Energy PCL (BKK:TGE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

159, Moo 3, Tambon Tha Chang, Amphoe Tha Chang, Surat Thani Province, THA, 84150

Website

https://www.tge.co.th

Thachang Green Energy PCL is engaged in generating and supplying electricity and steam from biomass. The group has two segments report which are comprised of biomass power plant business and waste power plant business.