Summit Power (DHA:SUMITPOWER) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2023)

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What is Summit Power 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. Summit Power's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.16.

Summit Power's long-term debt to total assets ratio declined from Jun. 2022 (0.17) to Jun. 2023 (0.16). It may suggest that Summit Power is progressively becoming less dependent on debt to grow their business.

Summit Power LT-Debt-to-Total-Asset Historical Data

The historical data trend for Summit Power'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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Summit Power LT-Debt-to-Total-Asset Chart

Summit Power Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.14

0.28

0.22

0.17

0.16

Summit Power Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.17	0.16	0.16	0.16

Summit Power LT-Debt-to-Total-Asset Calculation

Summit Power's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	17715.188	/	110122.916
	=	0.16

Summit Power's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	17715.188	/	110122.916
	=	0.16

Summit Power (DHA:SUMITPOWER) 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.

Summit Power LT-Debt-to-Total-Asset Related Terms

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Summit Power (DHA:SUMITPOWER) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Summit Power Ltd (DHA:SUMITPOWER) » Definitions » LT-Debt-to-Total-Asset

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Address

Karwan Bazar C/A, Summit Centre, 18, Dhaka, BGD, 1215

Website

https://www.summitpower.org

Summit Power Ltd is engaged in the generation and supply of electricity. It focuses on developing, owning, and operating power generating assets. It owns and operates 15 power plants at different locations in Bangladesh with a total Installed capacity of 975.96 MW. The company supplies electricity to Bangladesh Power Development Board and Bangladesh Rural Electrification Board.

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