Singapore Technologies Engineering (STU:SJX) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Singapore Technologies Engineering 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. Singapore Technologies Engineering's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Singapore Technologies Engineering's long-term debt to total assets ratio declined from Jun. 2023 (0.24) to Jun. 2024 (0.16). It may suggest that Singapore Technologies Engineering is progressively becoming less dependent on debt to grow their business.

Singapore Technologies Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for Singapore Technologies Engineering'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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Singapore Technologies Engineering LT-Debt-to-Total-Asset Chart

Singapore Technologies Engineering Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.16

0.15

0.19

0.23

Singapore Technologies Engineering Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	0.19	0.24	0.23	0.16

Singapore Technologies Engineering LT-Debt-to-Total-Asset Calculation

Singapore Technologies Engineering'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 )
	=	2439.939	/	10586.632
	=	0.23

Singapore Technologies Engineering'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 )
	=	1782.386	/	10914.268
	=	0.16

Singapore Technologies Engineering (STU:SJX) 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.

Singapore Technologies Engineering LT-Debt-to-Total-Asset Related Terms

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Singapore Technologies Engineering Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Singapore Technologies Engineering Ltd (STU:SJX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SGGKY:USA SGGKF:USA S63:Singapore SJX:Germany

Address

1 Ang Mo Kio Electronics Park Road, No. 07-01, ST Engineering Hub, Singapore, SGP, 567710

Website

https://www.stengg.com

ST Engineering is a Singaporean government-linked commercial and defense engineering group. Its key businesses include aircraft maintenance, repair and overhaul services, in which it is the world's largest independent third-party provider. The company's fastest-growing activities involve applications to smart city solutions where it provides tolling solutions, traffic control systems, command and control dashboards, cybersecurity tools, and other related components. Around two thirds of the company's revenue comes from commercial clients while the remainder is defense.

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