Advanced Systems Automation (SGX:WJ9) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Advanced Systems Automation 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. Advanced Systems Automation's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Advanced Systems Automation's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.17). It may suggest that Advanced Systems Automation is progressively becoming less dependent on debt to grow their business.

Advanced Systems Automation LT-Debt-to-Total-Asset Historical Data

The historical data trend for Advanced Systems Automation'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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Advanced Systems Automation LT-Debt-to-Total-Asset Chart

Advanced Systems Automation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.09

0.08

0.17

0.18

Advanced Systems Automation Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.17	0.17	0.18	0.17

Advanced Systems Automation LT-Debt-to-Total-Asset Calculation

Advanced Systems Automation'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 )
	=	3.04	/	16.693
	=	0.18

Advanced Systems Automation'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 )
	=	2.778	/	16.658
	=	0.17

Advanced Systems Automation (SGX:WJ9) 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.

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Advanced Systems Automation Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Advanced Systems Automation Ltd (SGX:WJ9) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

3014 Ubi Road 1, No. 02-282, Kampong Ubi Industrial Estate, Singapore, SGP, 408702

Website

https://www.asa.com.sg

Advanced Systems Automation Ltd is engaged in manufacturing automated equipment for the encapsulation of semiconductors. It operates through the segment of Equipment Contract Manufacturing Services through which it generates its revenues. Its products and services cover UV Tape curing technologies, Encapsulation, Wafer processing, Strip mounting, and Detaping.

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