An Phat Bioplastics JSC (STC:AAA) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is An Phat Bioplastics JSC 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. An Phat Bioplastics JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

An Phat Bioplastics JSC's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.06). It may suggest that An Phat Bioplastics JSC is progressively becoming less dependent on debt to grow their business.

An Phat Bioplastics JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for An Phat Bioplastics JSC'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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An Phat Bioplastics JSC LT-Debt-to-Total-Asset Chart

An Phat Bioplastics JSC Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.07

0.12

0.03

An Phat Bioplastics JSC Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.03	0.03	0.05	0.06

An Phat Bioplastics JSC LT-Debt-to-Total-Asset Calculation

An Phat Bioplastics JSC'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 )
	=	358856.724	/	11583445.506
	=	0.03

An Phat Bioplastics JSC'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 )
	=	779984.343	/	13032239.744
	=	0.06

An Phat Bioplastics JSC (STC:AAA) 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.

An Phat Bioplastics JSC LT-Debt-to-Total-Asset Related Terms

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An Phat Bioplastics JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » An Phat Bioplastics JSC (STC:AAA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Lot No. CN11 + CN12, An Dong Industrial Park, Hai Duong Province, Nam Sach District, Nam Sach, VNM, 34000

Website

https://www.anphatbioplastics.com

An Phat Bioplastics JSC is a Vietnam-based company engaged in developing complete biodegradable materials. It offers flat bags, food bags, T-shirt bags, star seal bags, drawstring bags, zipper bags, block headers, die-cut bags, and bags for the Japanese market. In addition, the organization also produces compostable bags.