PT Gajah Tunggal Tbk (FRA:GH8) LT-Debt-to-Total-Asset : 0.19 (As of Sep. 2024)

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What is PT Gajah Tunggal Tbk 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. PT Gajah Tunggal Tbk's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.19.

PT Gajah Tunggal Tbk's long-term debt to total assets ratio declined from Sep. 2023 (0.23) to Sep. 2024 (0.19). It may suggest that PT Gajah Tunggal Tbk is progressively becoming less dependent on debt to grow their business.

PT Gajah Tunggal Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Gajah Tunggal Tbk'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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PT Gajah Tunggal Tbk LT-Debt-to-Total-Asset Chart

PT Gajah Tunggal Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.24

0.26

0.25

0.22

PT Gajah Tunggal Tbk 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															0.23	0.22	0.22	0.21	0.19

PT Gajah Tunggal Tbk LT-Debt-to-Total-Asset Calculation

PT Gajah Tunggal Tbk'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 )
	=	249.973	/	1121.527
	=	0.22

PT Gajah Tunggal Tbk'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 )
	=	226.337	/	1168.105
	=	0.19

PT Gajah Tunggal Tbk (FRA:GH8) 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.

PT Gajah Tunggal Tbk LT-Debt-to-Total-Asset Related Terms

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PT Gajah Tunggal Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » PT Gajah Tunggal Tbk (FRA:GH8) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GJTL:Indonesia

Address

Jalan Hayam Wuruk No. 8, Wisma Hayam Wuruk 10th Floor, Jakarta, IDN, 10120

Website

https://www.gt-tires.com

PT Gajah Tunggal Tbk is a tire manufacturer in Indonesia. Its operating segment consists of the manufacturing of tire, tire cord, synthetic rubber, nylon yarn, and others. The tires are used for passenger and commercial vehicles which include passenger car, truck, bus, motorcycles, and others. Its reportable segments are Manufacturing of tyre (tyre); Manufacturing of tyre cord (tyre cord); Manufacturing of synthetic rubber (synthetic rubber); Manufacturing of nylon yarn (nylon yarn); and Others.

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