Airports Of Thailand (FRA:TX3A) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Airports Of Thailand 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. Airports Of Thailand's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Airports Of Thailand's long-term debt to total assets ratio declined from Sep. 2023 (0.26) to Sep. 2024 (0.23). It may suggest that Airports Of Thailand is progressively becoming less dependent on debt to grow their business.

Airports Of Thailand LT-Debt-to-Total-Asset Historical Data

The historical data trend for Airports Of Thailand'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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Airports Of Thailand LT-Debt-to-Total-Asset Chart

Airports Of Thailand Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

LT-Debt-to-Total-Asset

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0.05

0.31

0.32

0.26

0.23

Airports Of Thailand 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															0.26	0.25	0.24	0.24	0.23

Airports Of Thailand LT-Debt-to-Total-Asset Calculation

Airports Of Thailand's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (A: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Sep. 2024 )	/	Total Assets (A: Sep. 2024 )
	=	1284.087	/	5585.524
	=	0.23

Airports Of Thailand'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 )
	=	1284.087	/	5585.524
	=	0.23

Airports Of Thailand (FRA:TX3A) 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.

Airports Of Thailand LT-Debt-to-Total-Asset Related Terms

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Airports Of Thailand Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Airports Of Thailand PLC (FRA:TX3A) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

APTPF:USA AIPUY:USA AIPUF:USA AOT-R:Thailand AOT-F:Thailand AOT:Thailand TATD:Singapore

Address

No. 333, Cherdwutagard Road, Sikan, Don Mueang, Bangkok, THA, 10210

Website

https://www.airportthai.co.th

Airports Of Thailand PLC operates airports and provides services related to air transportation. Its airports, located in Thailand, serve both domestic and international flights. The company operates in various business segments such as airport management business, hotel business, ground aviation services, security business, and manages projects on perishable goods. The majority of its revenue is derived from its airport management business under which it generates income mainly from two categories of services: aeronautical and nonaeronautical. Aeronautical revenue is associated with air traffic, including landing and parking charges, and passenger and aircraft service charges. Nonaeronautical revenue is generated from office and state property rents.

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