Thai Enger Holding PCL (BKK:TIGER) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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

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

Thai Enger Holding PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Thai Enger Holding 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 Enger Holding PCL LT-Debt-to-Total-Asset Chart

Thai Enger Holding PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Thai Enger Holding PCL Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.01	0.01	0.01

Thai Enger Holding PCL LT-Debt-to-Total-Asset Calculation

Thai Enger Holding 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 )
	=	11.781	/	964.018
	=	0.01

Thai Enger Holding PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	9.051	/	946.425
	=	0.01

Thai Enger Holding PCL (BKK:TIGER) 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 Enger Holding PCL LT-Debt-to-Total-Asset Related Terms

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Thai Enger Holding PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Thai Enger Holding PCL (BKK:TIGER) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

88 Moo 4, Bang Kruai-Sai Noi Road, Bang Si Thong Subdistrict, Bangkruay District, Nonthaburi, THA, 11130

Website

https://www.thaienger.com

Thai Enger Holding PCL is a Thailand-based company. It's business are holding company that invested in construction and interior service business. It has only one segment, which is the construction segment.; construction services. All of the group's revenue from external customers are derived in Thailand.

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