PT Pelita Teknologi Global Tbk (ISX:CHIP) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is PT Pelita Teknologi Global 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 Pelita Teknologi Global Tbk's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

PT Pelita Teknologi Global Tbk's long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.03). It may suggest that PT Pelita Teknologi Global Tbk is progressively becoming less dependent on debt to grow their business.

PT Pelita Teknologi Global Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Pelita Teknologi Global 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 Pelita Teknologi Global Tbk LT-Debt-to-Total-Asset Chart

PT Pelita Teknologi Global Tbk Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.45

0.10

0.05

0.02

PT Pelita Teknologi Global Tbk Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.05	0.03	0.02	0.03

PT Pelita Teknologi Global Tbk LT-Debt-to-Total-Asset Calculation

PT Pelita Teknologi Global 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 )
	=	2718.902	/	113911.853
	=	0.02

PT Pelita Teknologi Global Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	2718.902	/	108665.753
	=	0.03

PT Pelita Teknologi Global Tbk (ISX:CHIP) 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 Pelita Teknologi Global Tbk LT-Debt-to-Total-Asset Related Terms

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PT Pelita Teknologi Global Tbk Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Pelita Teknologi Global Tbk (ISX:CHIP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jl. Gatot Subroto KM 5, No. 66 Kroncong, Jatiuwung, Banten, Tangerang, IDN, 15134

Website

https://www.pelitateknologi.com

PT Pelita Teknologi Global Tbk is engaged in consulting, IT design, and the smart card industry, where the company manufactures and programs SIM Card Operating Systems, Produces Scratch cards for prepaid reloads, etc. The company consists of two business activities:- Connectivity Solution- which offers products such as SIM (Subscriber Identity Module) Card. IT Business Line and Application which offers programming services, such as Solutions covering end-to-end applications which includes software program development, program customization, etc. It has four operating segments Operating System & SIM card, Scratch Card, Fulfillment, and Application in which it generates key revenue from Operating Systems & SIM cards.

PT Pelita Teknologi Global Tbk Headlines

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