Hiap Tong (SGX:5PO) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Hiap Tong 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. Hiap Tong's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Hiap Tong's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.14). It may suggest that Hiap Tong is progressively becoming less dependent on debt to grow their business.

Hiap Tong LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hiap Tong'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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Hiap Tong LT-Debt-to-Total-Asset Chart

Hiap Tong Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.24

0.26

0.14

0.22

0.17

Hiap Tong Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.22	0.19	0.17	0.14

Hiap Tong LT-Debt-to-Total-Asset Calculation

Hiap Tong's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	33.952	/	203.671
	=	0.17

Hiap Tong's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	28.473	/	197.407
	=	0.14

Hiap Tong (SGX:5PO) 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.

Hiap Tong LT-Debt-to-Total-Asset Related Terms

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Hiap Tong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Hiap Tong Corp Ltd (SGX:5PO) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Soon lee Road, Singapore, SGP, 628082

Website

https://www.hiaptong.com

Hiap Tong Corp Ltd is mainly involved in renting cranes, prime movers, heavy machinery, and equipment and trading cranes and heavy equipment. The company's products are used by the marine, petrochemical, and construction industries. It operates in two segments namely lifting and haulage services, and manpower services. The company also provides load test and drop test services for marine offshore and engineering industries. Its geographical segments include Singapore and Malaysia, of which the majority of the revenue comes from Singapore.

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