Vietnam Construction and Import-Export Joint Stock (STC:VCG) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Vietnam Construction and Import-Export Joint Stock 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 Construction and Import-Export Joint Stock's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Vietnam Construction and Import-Export Joint Stock's long-term debt to total assets ratio declined from Jun. 2023 (0.19) to Jun. 2024 (0.13). It may suggest that Vietnam Construction and Import-Export Joint Stock is progressively becoming less dependent on debt to grow their business.

Vietnam Construction and Import-Export Joint Stock LT-Debt-to-Total-Asset Historical Data

The historical data trend for Vietnam Construction and Import-Export Joint Stock'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 Construction and Import-Export Joint Stock LT-Debt-to-Total-Asset Chart

Vietnam Construction and Import-Export Joint Stock Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.11

0.21

0.26

0.16

Vietnam Construction and Import-Export Joint Stock 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															0.19	0.18	0.16	0.17	0.13

Vietnam Construction and Import-Export Joint Stock LT-Debt-to-Total-Asset Calculation

Vietnam Construction and Import-Export Joint Stock'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 )
	=	4962224.824	/	30694370.036
	=	0.16

Vietnam Construction and Import-Export Joint Stock'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 )
	=	3784884.115	/	28644173.301
	=	0.13

Vietnam Construction and Import-Export Joint Stock (STC:VCG) 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 Construction and Import-Export Joint Stock LT-Debt-to-Total-Asset Related Terms

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Vietnam Construction and Import-Export Joint Stock Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Vietnam Construction and Import-Export Joint Stock Corp (STC:VCG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Vinaconex Building, 34 Lang Ha, Dong Da, Hanoi, VNM

Website

http://www.vinaconex.com.vn

Vietnam Construction and Import-Export Joint Stock Corp is engaged in the real estate business, building material business, and finance business.

Vietnam Construction and Import-Export Joint Stock Headlines

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