Choo Chiang Holdings (SGX:42E) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Choo Chiang 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. Choo Chiang Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Choo Chiang Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.04) to Dec. 2023 (0.03). It may suggest that Choo Chiang Holdings is progressively becoming less dependent on debt to grow their business.

Choo Chiang Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Choo Chiang 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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Choo Chiang Holdings LT-Debt-to-Total-Asset Chart

Choo Chiang Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.04

0.03

Choo Chiang Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.04	0.04	0.03	0.03

Choo Chiang Holdings LT-Debt-to-Total-Asset Calculation

Choo Chiang Holdings'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 )
	=	2.811	/	81.679
	=	0.03

Choo Chiang Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2.811	/	81.679
	=	0.03

Choo Chiang Holdings (SGX:42E) 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.

Choo Chiang Holdings LT-Debt-to-Total-Asset Related Terms

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Choo Chiang Holdings (SGX:42E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Choo Chiang Holdings Ltd (SGX:42E) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Woodlands Loop, Singapore, SGP, 738388

Website

https://www.choochiang.com

Choo Chiang Holdings Ltd operates as a retailer and distributor of electrical products and accessories. It operates through the distribution business and property investment segments. The distribution business segment sells electrical products and accessories. The property investment segment holds investment properties. It offers electrical cables & cable accessories, electrical wiring accessories, electrical circuit protection, earthing & lightning protection, cable support system, ventilating, wall-mounted & ceiling fans, power drills & handheld tools, and luminaires, lamps, and accessories.

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