Vicom (SGX:WJP) LT-Debt-to-Total-Asset : 0.15 (As of Dec. 2023)

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What is Vicom 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. Vicom's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.15.

Vicom's long-term debt to total assets ratio declined from Dec. 2022 (0.16) to Dec. 2023 (0.15). It may suggest that Vicom is progressively becoming less dependent on debt to grow their business.

Vicom LT-Debt-to-Total-Asset Historical Data

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

Vicom Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.15

0.16

0.15

Vicom Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.16	0.16	0.16	0.15

Vicom LT-Debt-to-Total-Asset Calculation

Vicom'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 )
	=	29.977	/	196.371
	=	0.15

Vicom's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	29.977	/	196.371
	=	0.15

Vicom (SGX:WJP) 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.

Vicom LT-Debt-to-Total-Asset Related Terms

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Vicom (SGX:WJP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Vicom Ltd (SGX:WJP) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

385 Sin Ming Drive, Singapore, SGP, 575718

Website

https://www.vicom.com.sg

Vicom Ltd is an investment holding company engaged in the provision of motor vehicle evaluation and other related services. It provides technical testing and inspection services to mechanical, biochemical, civil engineering and non-destructive testing fields. Its services include vehicle inspection, assessment, evaluation, and emission test laboratory, motor insurance, road tax renewal, car evaluation, vehicle inspection, type approval, in-vehicle unit service, speed limiter check, chassis dynamometer smoke test, tinted glass check, car buying tips, and maintenance, consultancy and business opportunities. The company mainly operates in Singapore and derives prime revenue from inspection and testing services.

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