Viet Nam Steel (HSTC:TVN) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Viet Nam Steel 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. Viet Nam Steel's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Viet Nam Steel's long-term debt to total assets ratio declined from Sep. 2023 (0.08) to Sep. 2024 (0.07). It may suggest that Viet Nam Steel is progressively becoming less dependent on debt to grow their business.

Viet Nam Steel LT-Debt-to-Total-Asset Historical Data

The historical data trend for Viet Nam Steel'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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Viet Nam Steel LT-Debt-to-Total-Asset Chart

Viet Nam Steel Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.09

0.07

Viet Nam Steel Quarterly Data
	Dec18	Dec19	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													0.08	0.07	0.07	0.07	0.07

Viet Nam Steel LT-Debt-to-Total-Asset Calculation

Viet Nam Steel'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 )
	=	1702102.527	/	23345740.952
	=	0.07

Viet Nam Steel'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 )
	=	1642586.866	/	24291245.766
	=	0.07

Viet Nam Steel (HSTC:TVN) 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.

Viet Nam Steel LT-Debt-to-Total-Asset Related Terms

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Viet Nam Steel Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Viet Nam Steel Corp (HSTC:TVN) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 91 Lang Ha, Dong Da District, Hanoi, VNM

Website

https://www.vnsteel.vn

Viet Nam Steel Corp is engaged in the manufacturing of steel. Its products include construction steel, cold rolled steel coil, and others.

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