Vietnam Electric Cable (STC:CAV) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)

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What is Vietnam Electric Cable 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. Vietnam Electric Cable's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Vietnam Electric Cable's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Vietnam Electric Cable is progressively becoming less dependent on debt to grow their business.

Vietnam Electric Cable LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vietnam Electric Cable'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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Vietnam Electric Cable LT-Debt-to-Total-Asset Chart

Vietnam Electric Cable Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.05

0.04

Vietnam Electric Cable 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															0.04	0.06	0.05	0.04	0.04

Vietnam Electric Cable LT-Debt-to-Total-Asset Calculation

Vietnam Electric Cable'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 )
	=	172144.959	/	3883213.708
	=	0.04

Vietnam Electric Cable'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 )
	=	155698.779	/	4449233.158
	=	0.03

Vietnam Electric Cable (STC:CAV) 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.

Vietnam Electric Cable LT-Debt-to-Total-Asset Related Terms

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Vietnam Electric Cable (STC:CAV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Vietnam Electric Cable Corp (STC:CAV) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

70-72 Nam Ky Khoi Nghia Street, District 1, Ho Chi Minh City, VNM

Website

http://www.cadivi-vn.com

Vietnam Electric Cable Corp is a Vietnam based company engaged in the manufacturing of electric wires and cables. The company's products include building wires, low voltage power cables, medium voltage cables, control cables, bare conductors, service entrance cables, multiplex cables, coaxial cables, automotive cables, hybrid cables and others.

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