PT Argo Pantes Tbk (ISX:ARGO) LT-Debt-to-Total-Asset : 0.41 (As of Mar. 2024)

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What is PT Argo Pantes 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 Argo Pantes Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.41.

PT Argo Pantes Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.60) to Mar. 2024 (0.41). It may suggest that PT Argo Pantes Tbk is progressively becoming less dependent on debt to grow their business.

PT Argo Pantes Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Argo Pantes 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 Argo Pantes Tbk LT-Debt-to-Total-Asset Chart

PT Argo Pantes Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.61

0.52

0.55

0.60

0.41

PT Argo Pantes Tbk Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.60	0.61	0.40	0.41	0.41

PT Argo Pantes Tbk LT-Debt-to-Total-Asset Calculation

PT Argo Pantes 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 )
	=	450506.9	/	1091535.722
	=	0.41

PT Argo Pantes Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	450506.9	/	1088950.198
	=	0.41

PT Argo Pantes Tbk (ISX:ARGO) 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 Argo Pantes Tbk LT-Debt-to-Total-Asset Related Terms

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PT Argo Pantes Tbk (ISX:ARGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » PT Argo Pantes Tbk (ISX:ARGO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan. Jend Gatot Subroto Kav.22, Wisma Argo Manunggal, 2nd Floor, Jakarta, IDN, 12930

Website

https://www.argopantes.com

PT Argo Pantes Tbk operates in the textile industry. The company is engaged in the production and sales of finished fabric, knitting, and garment. The company has two operating segments which include the textile industry and rent out of which the majority of the revenue derives from the Textile segment.