SIA Engineering Co (SGX:S59) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is SIA Engineering Co 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. SIA Engineering Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

SIA Engineering Co's long-term debt to total assets ratio declined from Sep. 2023 (0.04) to Sep. 2024 (0.04). It may suggest that SIA Engineering Co is progressively becoming less dependent on debt to grow their business.

SIA Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for SIA Engineering Co'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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SIA Engineering Co LT-Debt-to-Total-Asset Chart

SIA Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.04

0.03

0.02

0.05

0.04

SIA Engineering Co 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															0.02	0.05	0.04	0.04	0.04

SIA Engineering Co LT-Debt-to-Total-Asset Calculation

SIA Engineering Co'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 )
	=	82.516	/	2088.349
	=	0.04

SIA Engineering Co'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 )
	=	69.83	/	2014.136
	=	0.03

SIA Engineering Co (SGX:S59) 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.

SIA Engineering Co LT-Debt-to-Total-Asset Related Terms

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SIA Engineering Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SIA Engineering Co Ltd (SGX:S59) » Definitions » LT-Debt-to-Total-Asset

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Address

31 Airline Road, Singapore, SGP, 819831

Website

https://www.siaec.com.sg

SIA Engineering Co Ltd and its subsidiaries maintain, repair, and overhaul aircraft for many airlines. The company is organized into two segments: airframe/line maintenance and engine/component. The airframe and line maintenance segment provides airframe maintenance, line maintenance, and inventory technical management. These services include scheduled routine maintenance and overhaul, specialised and non-routine maintenance, modification and refurbishment programmes. Line maintenance provides aircraft certification and technical ground handling services such as pushback and towing, and the provision of aircraft ground support equipment and rectification work. The engine and component segment provides component overhaul and engine repair and overhaul services.

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