PT Citra Nusantara Gemilang Tbk (ISX:CGAS) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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What is PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.03.

PT Citra Nusantara Gemilang Tbk's long-term debt to total assets ratio increased from Dec. 2023 (0.00) to Dec. 2024 (0.03). It may suggest that PT Citra Nusantara Gemilang Tbk is progressively becoming more dependent on debt to grow their business.

PT Citra Nusantara Gemilang Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Citra Nusantara Gemilang 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 Citra Nusantara Gemilang Tbk LT-Debt-to-Total-Asset Chart

PT Citra Nusantara Gemilang Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

0.04

0.10

0.18

0.03

PT Citra Nusantara Gemilang Tbk Quarterly Data
	Dec20	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial						-	0.09	0.05	0.05	0.03

PT Citra Nusantara Gemilang Tbk LT-Debt-to-Total-Asset Calculation

PT Citra Nusantara Gemilang Tbk's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	11603.338	/	361347.93
	=	0.03

PT Citra Nusantara Gemilang Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	11603.338	/	361347.93
	=	0.03

PT Citra Nusantara Gemilang Tbk (ISX:CGAS) 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 Citra Nusantara Gemilang Tbk LT-Debt-to-Total-Asset Related Terms

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PT Citra Nusantara Gemilang Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PT Citra Nusantara Gemilang Tbk (ISX:CGAS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Kalimalang No.126, Tegal Gede, Kelurahan Pasirsari, Kecamatan Cikarang Selatan, Kabupaten, Jawa Barat, Bekasi, IDN, 17530

Website

https://www.cng.co.id

PT Citra Nusantara Gemilang Tbk is engaged in natural gas trading and distribution. It focuses on developing compressed natural gas (CNG) in Indonesia through natural gas trading and distribution business activities using transportation modes to areas that are not yet reached by gas pipeline networks with stable gas pressure. This natural gas is used for industrial, transportation, housing, and private power plants that use gas as an energy source.

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