Ascent Bridge (SGX:AWG) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Ascent Bridge 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. Ascent Bridge's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Ascent Bridge's long-term debt to total assets ratio declined from Jun. 2022 (0.02) to Sep. 2024 (0.01). It may suggest that Ascent Bridge is progressively becoming less dependent on debt to grow their business.

Ascent Bridge LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ascent Bridge'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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Ascent Bridge LT-Debt-to-Total-Asset Chart

Ascent Bridge Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.10

0.07

0.04

0.16

0.04

Ascent Bridge Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep23	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.03	0.02	0.01	0.01

Ascent Bridge LT-Debt-to-Total-Asset Calculation

Ascent Bridge's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	1.988	/	55.045
	=	0.04

Ascent Bridge'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 )
	=	0.231	/	31.945
	=	0.01

Ascent Bridge (SGX:AWG) 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.

Ascent Bridge LT-Debt-to-Total-Asset Related Terms

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Ascent Bridge Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Ascent Bridge Ltd (SGX:AWG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

9 Temasek Boulevard, Number. 28-05 Suntec Tower Two, Singapore, SGP, 038989

Website

https://www.aei.com.sg

Ascent Bridge Ltd is a manufacturer, importer, and exporter of aluminum extrusion sections, metal materials, and other products. The segments of the company are Electronics and precision engineering which comprises mainly precision aluminum extrusions that form components of sophisticated products of the high-tech electronics and precision engineering industries which generate a majority of revenue for the company; and Construction and infrastructure building segment comprises mainly public infrastructure, building construction, interior fixtures, signage, and advertising panels in the construction, civil engineering, and infrastructure building industries.

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