Primex (PHS:PRMX) LT-Debt-to-Total-Asset : 0.38 (As of Sep. 2024)

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What is Primex 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. Primex's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.38.

Primex's long-term debt to total assets ratio increased from Sep. 2023 (0.36) to Sep. 2024 (0.38). It may suggest that Primex is progressively becoming more dependent on debt to grow their business.

Primex LT-Debt-to-Total-Asset Historical Data

The historical data trend for Primex'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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Primex LT-Debt-to-Total-Asset Chart

Primex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.24

0.36

0.37

0.35

Primex Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.36	0.35	0.38	0.38	0.38

Primex LT-Debt-to-Total-Asset Calculation

Primex'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 )
	=	1782.649	/	5162.435
	=	0.35

Primex's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	1982.899	/	5292.549
	=

Primex (PHS:PRMX) 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.

Primex LT-Debt-to-Total-Asset Related Terms

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Primex Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Primex Corp (PHS:PRMX) » Definitions » LT-Debt-to-Total-Asset

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Address

19 Annapolis Street, Ground Floor, Richbelt Terraces, Greenhills, Metro Manila, San Juan, PHL, 1502

Website

https://www.primex.ph

Primex Corp is a Philippines-based company engaged in the real estate business to purchase, lease, dispose of, or deal with land and other real property and any interest therein. Its operating segments include Real estate and Rent. The real estate segment is engaged in the sale of high-end and upper-middle-income residential lots and units. The rent segment consists of the income from the leasing of the Group's investment properties. The company also derives revenue from Interest income from real estate sale.

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