Teera-Mongkol Industry PCL (BKK:TMI) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)

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What is Teera-Mongkol Industry 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. Teera-Mongkol Industry PCL's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Teera-Mongkol Industry PCL's long-term debt to total assets ratio declined from Sep. 2023 (0.24) to Sep. 2024 (0.08). It may suggest that Teera-Mongkol Industry PCL is progressively becoming less dependent on debt to grow their business.

Teera-Mongkol Industry PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Teera-Mongkol Industry 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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Teera-Mongkol Industry PCL LT-Debt-to-Total-Asset Chart

Teera-Mongkol Industry PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.05

0.31

0.01

0.22

Teera-Mongkol Industry PCL Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															0.24	0.22	0.22	0.09	0.08

Teera-Mongkol Industry PCL LT-Debt-to-Total-Asset Calculation

Teera-Mongkol Industry 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 )
	=	168.626	/	760.476
	=	0.22

Teera-Mongkol Industry 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 )
	=	59.824	/	712.381
	=	0.08

Teera-Mongkol Industry PCL (BKK:TMI) 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.

Teera-Mongkol Industry PCL LT-Debt-to-Total-Asset Related Terms

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Teera-Mongkol Industry PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Teera-Mongkol Industry PCL (BKK:TMI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Leab Klong Siwapasawad Road, 46/67 - 69, Moo 3, Kokkrabeo, Meaung, Samutsakorn, THA, 74000

Website

https://www.thaiballast.com

Teera-Mongkol Industry PCL is engaged in the business of manufacturing and distributing electrical equipment's. The company operates in two segments, Manufacturing and distributing electrical equipment, and Generation and selling of electricity. The majority of its revenue is generated from the Manufacturing and distributing electrical equipment segment.

Teera-Mongkol Industry PCL Headlines

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