SKK Holdings (SKK Holdings) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2023)

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

SKK Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.00) to Jun. 2023 (0.15). It may suggest that SKK Holdings is progressively becoming more dependent on debt to grow their business.

SKK Holdings LT-Debt-to-Total-Asset Historical Data

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

SKK Holdings Annual Data

Trend

Dec21

Dec22

LT-Debt-to-Total-Asset

0.32

0.21

SKK Holdings Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	0.32	-	0.21	0.15

SKK Holdings LT-Debt-to-Total-Asset Calculation

SKK Holdings'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 )
	=	2.55	/	12.352
	=	0.21

SKK Holdings'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 )
	=	1.862	/	12.557
	=	0.15

SKK Holdings (NAS:SKK) 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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SKK Holdings (SKK Holdings) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

https://www.skkworks.com.sg

SKK Holdings Ltd is a civil engineering service provider that specializes in subsurface utility works in Singapore. It construct and maintain various public works and infrastructure projects that serve the society and the environment. Its projects are primarily the subsurface work related to projects undertaken by the Public Utilities Board (PUB) and Singapore Telecommunications Limited. The nature of these projects is related to repairing of pumping mains, sewer maintenance and pipe cable laying.

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