Binh Duong Trade and Development JSC (STC:TDC) LT-Debt-to-Total-Asset : 0.20 (As of Sep. 2024)

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What is Binh Duong Trade and Development 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. Binh Duong Trade and Development JSC's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.20.

Binh Duong Trade and Development JSC's long-term debt to total assets ratio increased from Sep. 2023 (0.18) to Sep. 2024 (0.20). It may suggest that Binh Duong Trade and Development JSC is progressively becoming more dependent on debt to grow their business.

Binh Duong Trade and Development JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Binh Duong Trade and Development 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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Binh Duong Trade and Development JSC LT-Debt-to-Total-Asset Chart

Binh Duong Trade and Development JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.15

0.18

0.19

Binh Duong Trade and Development 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															0.18	0.19	0.20	0.19	0.20

Binh Duong Trade and Development JSC LT-Debt-to-Total-Asset Calculation

Binh Duong Trade and Development 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 )
	=	689685.706	/	3610466.991
	=	0.19

Binh Duong Trade and Development 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 )
	=	692860	/	3514726.816
	=	0.20

Binh Duong Trade and Development JSC (STC:TDC) 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.

Binh Duong Trade and Development JSC LT-Debt-to-Total-Asset Related Terms

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Binh Duong Trade and Development JSC Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Binh Duong Trade and Development JSC (STC:TDC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 26-27, Dong Khoi Street, Plot I, Hoa Phu Ward, Binh Duong, Thu Dau Mot, VNM

Website

http://www.becamextdc.com.vn

Binh Duong Trade and Development JSC is a Vietnam based company engaged in the business lines of Trading real estate business, Construction, Production of materials and Material business. The real estate projects of the company include luxury apartment, the ground, villas, shop house, social security housing projects and others.