HG Metal Manufacturing (SGX:BTG) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2024)

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What is HG Metal Manufacturing 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. HG Metal Manufacturing's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.06.

HG Metal Manufacturing's long-term debt to total assets ratio declined from Dec. 2023 (0.08) to Dec. 2024 (0.06). It may suggest that HG Metal Manufacturing is progressively becoming less dependent on debt to grow their business.

HG Metal Manufacturing LT-Debt-to-Total-Asset Historical Data

The historical data trend for HG Metal Manufacturing'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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HG Metal Manufacturing LT-Debt-to-Total-Asset Chart

HG Metal Manufacturing Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.17

0.12

0.11

0.08

0.06

HG Metal Manufacturing Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.10	0.08	0.08	0.06

HG Metal Manufacturing LT-Debt-to-Total-Asset Calculation

HG Metal Manufacturing's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	9.298	/	169.697
	=	0.05

HG Metal Manufacturing's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	9.298	/	169.697
	=	0.05

HG Metal Manufacturing (SGX:BTG) 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.

HG Metal Manufacturing LT-Debt-to-Total-Asset Related Terms

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HG Metal Manufacturing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » HG Metal Manufacturing Ltd (SGX:BTG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

28 Jalan Buroh, Singapore, SGP, 619484

Website

http://www.hgmetal.com

HG Metal Manufacturing Ltd is involved in the steel business. The company has business units which include HG Distribution, HG Construction Steel, HG Coupler, and Thread. The operating segment of the company is Trading Segment, Manufacturing Segment, and Others. The trading segment is a supplier of steel products and includes the holding of investments in subsidiaries in the business of steel distribution and provision of industrial steel services. The manufacturing segment produces construction steel products and provides related engineering services. Others include those which do not fall in the trading and manufacturing segment. The majority is from the manufacturing segment. Geographically, the majority is derived from Singapore.