Lms Compliance (SGX:LMS) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2023)

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What is Lms Compliance 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. Lms Compliance's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.07.

Lms Compliance's long-term debt to total assets ratio declined from Dec. 2021 (0.09) to Jun. 2023 (0.07). It may suggest that Lms Compliance is progressively becoming less dependent on debt to grow their business.

Lms Compliance LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lms Compliance'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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Lms Compliance LT-Debt-to-Total-Asset Chart

Lms Compliance Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

0.12

0.09

Lms Compliance Quarterly Data
	Dec19	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.09	0.08	-	0.09	0.07

Lms Compliance LT-Debt-to-Total-Asset Calculation

Lms Compliance'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 )
	=	0.82	/	9.679
	=	0.08

Lms Compliance'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 )
	=	0.736	/	9.947
	=

Lms Compliance (SGX:LMS) 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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Lms Compliance (SGX:LMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lms Compliance Ltd (SGX:LMS) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16, Lengkok Kikik 1, Taman Inderawasih, Perai, PNG, MYS, 13600

Website

https://lmscompliance.com

Lms Compliance Ltd offers quality testing and certification services for customers across a gamut of industries, ranging from food and healthcare to industrial and Greentech. In general, the company's business segments are organized into the following divisions namely provision of testing and assessment services; provision of certification services; trading business segment; and distribution of conformity assessment technology.

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