Ocean Sky International (SGX:1B6) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Ocean Sky International 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. Ocean Sky International's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Ocean Sky International's long-term debt to total assets ratio declined from Dec. 2023 (0.26) to Dec. 2024 (0.23). It may suggest that Ocean Sky International is progressively becoming less dependent on debt to grow their business.

Ocean Sky International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ocean Sky International'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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Ocean Sky International LT-Debt-to-Total-Asset Chart

Ocean Sky International Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.31

0.29

0.12

0.26

0.23

Ocean Sky International Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.25	0.26	0.23	0.23

Ocean Sky International LT-Debt-to-Total-Asset Calculation

Ocean Sky International'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 )
	=	15.204	/	67.12
	=	0.23

Ocean Sky International'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 )
	=	15.204	/	67.12
	=	0.23

Ocean Sky International (SGX:1B6) 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.

Ocean Sky International LT-Debt-to-Total-Asset Related Terms

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Ocean Sky International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ocean Sky International Ltd (SGX:1B6) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

O3S1:Germany

Address

29 Tuas South Street 1, Singapore, SGP, 638036

Website

https://www.oceanskyintl.com

Ocean Sky International Ltd is an investment holding company engages in civil engineering, construction, and related services businesses. It operates through the Construction segment, and Property segment. The Construction segment which contributes the majority of revenue involved in the business of building and civil engineering contractors. The property segment is in the business of leasing of properties and developing of properties. The company offers engineering services, such as earthwork, roadwork, drainage work, basement work, and structural works comprising demolition and underground infrastructure works, as well as other general building works.

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