Pollux Properties (SGX:5AE) LT-Debt-to-Total-Asset : 0.37 (As of Jun. 2023)

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What is Pollux Properties 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. Pollux Properties's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.37.

Pollux Properties's long-term debt to total assets ratio declined from Jun. 2022 (0.39) to Jun. 2023 (0.37). It may suggest that Pollux Properties is progressively becoming less dependent on debt to grow their business.

Pollux Properties LT-Debt-to-Total-Asset Historical Data

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

Pollux Properties Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.35

0.41

0.42

0.39

0.36

Pollux Properties Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.38	0.39	0.39	0.36	0.37

Pollux Properties LT-Debt-to-Total-Asset Calculation

Pollux Properties'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 )
	=	136.043	/	377.912
	=	0.36

Pollux Properties'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 )
	=	137.83	/	372.572
	=	0.37

Pollux Properties (SGX:5AE) 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.

Pollux Properties LT-Debt-to-Total-Asset Related Terms

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Pollux Properties (SGX:5AE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pollux Properties Ltd (SGX:5AE) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

554 Havelock Road, Singapore, SGP, 169639

Website

https://www.pollux.com.sg

Pollux Properties Ltd is a property developer in Singapore focusing on the development of residential and commercial properties. The company is engaged in the business of developing premium real estate projects. The company operates through five segments: The Property Development segment, which is involved in the acquisition and development of properties for sale; The Property Investment segment, which is involved in renting properties and operating a serviced apartment; The Corporate segment, which is involved in corporate services and investments. The Fund Management segment is involved in providing management and advisory services and Hotel Operations. The company generates the majority of its revenue from the Property Investment segment.

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