Aspen (Group) Holdings (SGX:1F3) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Aspen (Group) Holdings 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. Aspen (Group) Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Aspen (Group) Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.09) to Jun. 2024 (0.03). It may suggest that Aspen (Group) Holdings is progressively becoming less dependent on debt to grow their business.

Aspen (Group) Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Aspen (Group) Holdings'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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Aspen (Group) Holdings LT-Debt-to-Total-Asset Chart

Aspen (Group) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.12

0.21

0.19

0.09

0.03

Aspen (Group) Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.12	0.11	0.09	0.06	0.03

Aspen (Group) Holdings LT-Debt-to-Total-Asset Calculation

Aspen (Group) Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	9.146	/	282.373
	=	0.03

Aspen (Group) Holdings'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 )
	=	9.146	/	282.373
	=	0.03

Aspen (Group) Holdings (SGX:1F3) 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.

Aspen (Group) Holdings LT-Debt-to-Total-Asset Related Terms

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Aspen (Group) Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Aspen (Group) Holdings Ltd (SGX:1F3) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

300, Jalan Macalister, Aspen House, George Town, PNG, MYS, 10450

Website

https://www.aspen.com.my

Aspen (Group) Holdings Ltd is a property development group. It focuses on developing affordable residential and mixed-development properties at strategic locations with quality infrastructure and amenities, which target middle-income mass market purchasers. It operates through the below segments: Property development which includes development of residential and commercial properties and others which includes sales of food and beverages and investment holdings. Substantial portion of the company's overall revenue is generated from its Property development segment.

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