PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) LT-Debt-to-Total-Asset : 0.22 (As of Mar. 2024)

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What is PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.22.

PT Sinar Mas Agro Resources & Technology Tbk's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.22). It may suggest that PT Sinar Mas Agro Resources & Technology Tbk is progressively becoming less dependent on debt to grow their business.

PT Sinar Mas Agro Resources & Technology Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PT Sinar Mas Agro Resources & Technology 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 Sinar Mas Agro Resources & Technology Tbk LT-Debt-to-Total-Asset Chart

PT Sinar Mas Agro Resources & Technology Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.20

0.24

PT Sinar Mas Agro Resources & Technology 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															0.24	0.22	0.28	0.24	0.22

PT Sinar Mas Agro Resources & Technology Tbk LT-Debt-to-Total-Asset Calculation

PT Sinar Mas Agro Resources & Technology 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 )
	=	9483107	/	39716363
	=	0.24

PT Sinar Mas Agro Resources & Technology 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 )
	=	8626088	/	38721736
	=	0.22

PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) 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 Sinar Mas Agro Resources & Technology Tbk LT-Debt-to-Total-Asset Related Terms

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PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » PT Sinar Mas Agro Resources & Technology Tbk (ISX:SMAR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan MH Thamrin No. 51, Tower II, 28th-30th Floor, Sinar Mas Land Plaza, Jakarta, IDN, 10350

Website

https://www.smart-tbk.com

PT Sinar Mas Agro Resources & Technology Tbk is involved in the business of cultivating and harvesting oil palm trees, processing fresh fruit bunches into crude palm oil and palm kernel, and refining crude palm oil into value-added products. The firm's products include cooking oil, fat, margarine, crude palm oil, palm kernel, cocoa butter substitute, etc. Its scope of activities comprises plantation development, agriculture, trading, refining of plantation products, management services, and research related to the business.