PSGFF (Precious Shipping PCL) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2024)

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What is Precious Shipping PCL 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. Precious Shipping PCL's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.27.

Precious Shipping PCL's long-term debt to total assets ratio increased from Dec. 2023 (0.23) to Dec. 2024 (0.27). It may suggest that Precious Shipping PCL is progressively becoming more dependent on debt to grow their business.

Precious Shipping PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Precious Shipping PCL'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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Precious Shipping PCL LT-Debt-to-Total-Asset Chart

Precious Shipping PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.36

0.29

0.23

0.27

Precious Shipping PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.23	0.22	0.24	0.24	0.27

Precious Shipping PCL LT-Debt-to-Total-Asset Calculation

Precious Shipping PCL's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	207.385	/	767.597
	=	0.27

Precious Shipping PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	207.385	/	767.597
	=	0.27

Precious Shipping PCL (OTCPK:PSGFF) 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.

Precious Shipping PCL LT-Debt-to-Total-Asset Related Terms

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Precious Shipping PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Precious Shipping PCL (OTCPK:PSGFF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

PSL-R:Thailand PSL-F:Thailand PSL:Thailand

Address

No. 8 North Sathorn Road, G, 7th, 8th and 9th floor, Silom, Bangrak, Bangkok, THA, 10500

Website

https://www.preciousshipping.com

Precious Shipping PCL is a Thailand-based holding company engaged in the marine transportation business. It's involved in the business of owning and operating (chartering) small handy-sized and supramax dry bulk vessels, on a tramp shipping basis without any set routes. The chartering of the vessels is undertaken in two ways: time charter and voyage charge. Majority of revenue is from Time Character.

Precious Shipping PCL Headlines

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