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PTL (PTLE) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)


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What is PTL 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. PTL's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

PTL's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that PTL is progressively becoming more dependent on debt to grow their business.

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

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

PTL Annual Data
Trend Dec22 Dec23
LT-Debt-to-Total-Asset
- -

PTL Semi-Annual Data
Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset - - - -

PTL LT-Debt-to-Total-Asset Calculation

PTL'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 )
=0/11.036
=0.00

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

LT Debt to Total Assets (Q: Jun. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )/Total Assets (Q: Jun. 2024 )
=0.019/9.628
=0.00

* 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.

PTL  (NAS:PTLE) 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.

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

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PTL Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » PTL Ltd (NAS:PTLE) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
111 North Bridge Road, No. 23-06A, Peninsula Plaza, Singapore, SGP, 179098
Website
https://www.petrolinkhk.com
PTL Ltd is a holding company. Through its subsidiaries, it is an established bunkering facilitator providing marine fuel logistics services for vessel refuelling, primarily serving the Asia Pacific market. As a bunker facilitator, the Group's services mainly involve facilitating with its suppliers to supply fuel for the use by the customers' vessels at various ports along their voyages in the Asia Pacific region; arranging vessel refuelling activities at competitive pricing to the customers; offering trade credit to the customers for vessel refuelling; handling unforeseeable circumstances faced by the customers and providing contingency solutions to the customers in a timely manner; and handling disputes, mainly in relation to quality and quantity issues on marine fuel, if any.