Abundance International (SGX:541) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is Abundance 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. Abundance International's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

Abundance International's long-term debt to total assets ratio declined from Jun. 2022 (0.04) to Jun. 2023 (0.04). It may suggest that Abundance International is progressively becoming less dependent on debt to grow their business.

Abundance International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Abundance 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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Abundance International LT-Debt-to-Total-Asset Chart

Abundance International Annual Data

Trend

Sep12

Sep13

Sep14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.13

0.16

0.06

0.05

0.04

Abundance International Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.04	0.04	0.04

Abundance International LT-Debt-to-Total-Asset Calculation

Abundance International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	4.327	/	98.546
	=	0.04

Abundance International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	3.545	/	93.691
	=	0.04

Abundance International (SGX:541) 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.

Abundance International LT-Debt-to-Total-Asset Related Terms

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Abundance International (SGX:541) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Abundance International Ltd (SGX:541) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Joo Koon Circle, Singapore, SGP, 629041

Website

https://www.abundance.com.sg

Abundance International Ltd is engaged in the chemical manufacturing and trading of equipment, accessories, consumables, or peripherals used in the chemical industry and other related businesses. In addition, it is also investing in companies and other entities through equity, securities, and other instruments. It is organized into the following reportable operating segments, Chemicals, Printing, and Investment segment. The company derives the maximum revenue from the Chemicals segment. Its primary geographic markets are China and other countries in Asia of which China contributes most of the total revenue.

Abundance International (SGX:541) Headlines

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