Gulf Energy Development PCL (SGX:TGED) LT-Debt-to-Total-Asset : 0.50 (As of Mar. 2024)

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What is Gulf Energy Development PCL 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. Gulf Energy Development PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.50.

Gulf Energy Development PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.52) to Mar. 2024 (0.50). It may suggest that Gulf Energy Development PCL is progressively becoming less dependent on debt to grow their business.

Gulf Energy Development PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gulf Energy Development PCL'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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Gulf Energy Development PCL LT-Debt-to-Total-Asset Chart

Gulf Energy Development PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.55

0.50

0.56

0.53

Gulf Energy Development PCL Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	0.53	0.50	0.53	0.50

Gulf Energy Development PCL LT-Debt-to-Total-Asset Calculation

Gulf Energy Development PCL'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 )
	=	9222.047	/	17498.608
	=	0.53

Gulf Energy Development PCL's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	8762.053	/	17634.659
	=	0.50

Gulf Energy Development PCL (SGX:TGED) 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.

Gulf Energy Development PCL LT-Debt-to-Total-Asset Related Terms

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Gulf Energy Development PCL (SGX:TGED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Gulf Energy Development PCL (SGX:TGED) » Definitions » LT-Debt-to-Total-Asset

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GULF-F:Thailand GULF:Thailand

Address

Wireless Road, All Seasons Place, 87 M.Thai Tower 11th Floor, Lumpini, Pathumwan, Bangkok, THA, 10330

Website

https://www.gulf.co.th

Gulf Energy Development PCL is a Thailand based business, that engages in electricity-generating business. The principal operation of the group is to generate and sell electricity, steam and cold water storing and converting natural gas from liquid to gas, provide satellite services and, and other related businesses. It is also involved in the business of renewable energy, such as solar rooftops and biomass energy. It operates through the following segments: The power segment, the Infrastructure segment, Satellite business segment, and Consulting segment. Geographically the company caters its services to both domestic and international markets.

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