PTrana Menara Nusantara Tbk (ISX:TOWR) LT-Debt-to-Total-Asset : 0.39 (As of Dec. 2023)

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What is PTrana Menara Nusantara 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. PTrana Menara Nusantara Tbk's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.39.

PTrana Menara Nusantara Tbk's long-term debt to total assets ratio declined from Dec. 2022 (0.54) to Dec. 2023 (0.39). It may suggest that PTrana Menara Nusantara Tbk is progressively becoming less dependent on debt to grow their business.

PTrana Menara Nusantara Tbk LT-Debt-to-Total-Asset Historical Data

The historical data trend for PTrana Menara Nusantara 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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PTrana Menara Nusantara Tbk LT-Debt-to-Total-Asset Chart

PTrana Menara Nusantara Tbk Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.48

0.46

0.54

0.39

PTrana Menara Nusantara Tbk Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.54	0.50	0.49	0.48	0.39

PTrana Menara Nusantara Tbk LT-Debt-to-Total-Asset Calculation

PTrana Menara Nusantara 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 )
	=	26323431	/	68418946
	=	0.38

PTrana Menara Nusantara Tbk's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	26323431	/	68418946
	=	0.38

PTrana Menara Nusantara Tbk (ISX:TOWR) 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.

PTrana Menara Nusantara Tbk LT-Debt-to-Total-Asset Related Terms

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PTrana Menara Nusantara Tbk (ISX:TOWR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » PT Sarana Menara Nusantara Tbk (ISX:TOWR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMNUF:USA

Address

Jalan Jenderal Ahmad Yani No. 19A, Central Java, Kudus, IDN

Website

https://www.ptsmn.co.id

PT Sarana Menara Nusantara Tbk is an investment company. It invests in companies that are engaged in leasing space, owning and operating telecommunication towers for wireless operators in Indonesia under long-term lease agreements. The company owns and operates over 19,000 towers in Indonesia. Its business segments include Tower rental and Other services (VSAT service, and MWIFO). The majority of the company's revenue is generated from Tower Rental.