Chemical Industries of the Philippines (PHS:CIP) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Chemical Industries of the Philippines 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. Chemical Industries of the Philippines's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Chemical Industries of the Philippines's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.28). It may suggest that Chemical Industries of the Philippines is progressively becoming more dependent on debt to grow their business.

Chemical Industries of the Philippines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chemical Industries of the Philippines'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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Chemical Industries of the Philippines LT-Debt-to-Total-Asset Chart

Chemical Industries of the Philippines Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.30

Chemical Industries of the Philippines 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															-	-	-	0.30	0.28

Chemical Industries of the Philippines LT-Debt-to-Total-Asset Calculation

Chemical Industries of the Philippines'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 )
	=	1015	/	3374.921
	=	0.30

Chemical Industries of the Philippines'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 )
	=	1015	/	3569.859
	=

Chemical Industries of the Philippines (PHS:CIP) 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.

Chemical Industries of the Philippines LT-Debt-to-Total-Asset Related Terms

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Chemical Industries of the Philippines (PHS:CIP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chemical Industries of the Philippines Inc (PHS:CIP) » Definitions » LT-Debt-to-Total-Asset

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Address

Chemphil Building, 851 Antonio Arnaiz Avenue, San Lorenzo, Makati, PHL, 1229

Website

https://www.chemphil.com.ph

Chemical Industries of the Philippines Inc. is engaged in the manufacture, sale, and distribution of industrial chemicals and the leasing of office space to affiliates and external parties. The company operates through its main revenue sources, leasing businesses, and others. The firm mainly operates in the Philippines.

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