ValueMax Group (SGX:T6I) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is ValueMax Group 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. ValueMax Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

ValueMax Group's long-term debt to total assets ratio increased from Jun. 2023 (0.04) to Jun. 2024 (0.05). It may suggest that ValueMax Group is progressively becoming more dependent on debt to grow their business.

ValueMax Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for ValueMax Group'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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ValueMax Group LT-Debt-to-Total-Asset Chart

ValueMax Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.08

0.05

0.04

0.05

ValueMax Group 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															0.04	0.04	0.04	0.05	0.05

ValueMax Group LT-Debt-to-Total-Asset Calculation

ValueMax Group'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 )
	=	52.864	/	1076.593
	=	0.05

ValueMax Group'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 )
	=	54.317	/	1145.684
	=	0.05

ValueMax Group (SGX:T6I) 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.

ValueMax Group LT-Debt-to-Total-Asset Related Terms

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ValueMax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » ValueMax Group Ltd (SGX:T6I) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

261 Waterloo Street, Number 01-35, Singapore, SGP, 180261

Website

https://www.valuemax.com.sg

ValueMax Group Ltd provides pawnbroking and moneylending services, as well as the retail and trading of pre-owned jewellery and gold. The objective of the company is to be a trusted alternative financial services provider. The group is organized into four operating segments namely: Pawnbroking; Retail and trading of pre-owned jewellery and gold; Moneylending; and Other operations including investment holding and provision of other support services. Its business activities are mainly conducted in Singapore. The retail and trading of pre-owned jewellery and gold segment generate maximum revenue for the company.

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