Synergy Grid & Development Philippines (PHS:SGP) LT-Debt-to-Total-Asset : 0.38 (As of Sep. 2024)

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What is Synergy Grid & Development 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. Synergy Grid & Development Philippines's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.38.

Synergy Grid & Development Philippines's long-term debt to total assets ratio increased from Sep. 2023 (0.37) to Sep. 2024 (0.38). It may suggest that Synergy Grid & Development Philippines is progressively becoming more dependent on debt to grow their business.

Synergy Grid & Development Philippines LT-Debt-to-Total-Asset Historical Data

The historical data trend for Synergy Grid & Development 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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Synergy Grid & Development Philippines LT-Debt-to-Total-Asset Chart

Synergy Grid & Development Philippines Annual Data

Trend

Dec14

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Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.35

0.37

Synergy Grid & Development Philippines 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															0.37	0.37	0.37	0.38	0.38

Synergy Grid & Development Philippines LT-Debt-to-Total-Asset Calculation

Synergy Grid & Development 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 )
	=	169940.799	/	466175.496
	=	0.36

Synergy Grid & Development Philippines'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 )
	=	189367.98	/	497326.751
	=	0.38

Synergy Grid & Development Philippines (PHS:SGP) 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.

Synergy Grid & Development Philippines LT-Debt-to-Total-Asset Related Terms

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Synergy Grid & Development Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Synergy Grid & Development Philippines Inc (PHS:SGP) » Definitions » LT-Debt-to-Total-Asset

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Address

Condominium Pearl Drive, 1607, 16th Floor, Tycoon Center Building, Metro Manila, Pasig, PHL, 1605

Website

https://www.synergygrid.ph

Synergy Grid & Development Philippines Inc's primary purposes is engaging in general construction and other allied businesses. The company engages in power, energy, utilities, infrastructure and others.

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