FECON (STC:FCN) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is FECON 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. FECON's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

FECON's long-term debt to total assets ratio declined from Jun. 2023 (0.12) to Jun. 2024 (0.11). It may suggest that FECON is progressively becoming less dependent on debt to grow their business.

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

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

FECON Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.06

0.15

0.12

0.10

FECON Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.10	0.11	0.11

FECON LT-Debt-to-Total-Asset Calculation

FECON'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 )
	=	878921.553	/	8581450.628
	=	0.10

FECON's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	908530.738	/	8516900.216
	=	0.11

FECON (STC:FCN) 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.

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

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FECON Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » FECON Corp (STC:FCN) » Definitions » LT-Debt-to-Total-Asset

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Address

Lot HH2-1 Me Tri Ha Urban Area, Pham Hung Street, 5th Floor, Building CEO, Me Tri Ward , Nam Tu Liem District, Hanoi, VNM

Website

http://www.fecon.com.vn

FECON Corp operates in the field of construction foundation in Vietnam. It functions as a professional contractor, providing comprehensive solutions for foundation work in the construction field. The company is involved in the business areas of construction, road construction, construction of waterway ports, monitoring, research and development, geotechnical consultancy, geological survey and foundation experiments, monitoring, background treatment, waterproofing underground works, construction of tunnel with shield, and production and construction of tunnel lining.