Nationgate Holdings Bhd (XKLS:0270) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Nationgate Holdings Bhd 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. Nationgate Holdings Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Nationgate Holdings Bhd's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.03). It may suggest that Nationgate Holdings Bhd is progressively becoming less dependent on debt to grow their business.

Nationgate Holdings Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nationgate Holdings Bhd'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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Nationgate Holdings Bhd LT-Debt-to-Total-Asset Chart

Nationgate Holdings Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.14

0.17

0.14

0.10

0.04

Nationgate Holdings Bhd Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.07	0.06	0.05	0.04	0.03

Nationgate Holdings Bhd LT-Debt-to-Total-Asset Calculation

Nationgate Holdings Bhd'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 )
	=	27.603	/	734.854
	=	0.04

Nationgate Holdings Bhd'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 )
	=	23.458	/	922.251
	=	0.03

Nationgate Holdings Bhd (XKLS:0270) 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.

Nationgate Holdings Bhd LT-Debt-to-Total-Asset Related Terms

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Nationgate Holdings Bhd (XKLS:0270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Nationgate Holdings Bhd (XKLS:0270) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2005, Tingkat Perusahaan Satu, Kawasan Perindustrian Prai, Pulau Pinang, Perai, PNG, MYS, 13600

Website

http://www.nationgate.com.my

Nationgate Holdings Bhd is engaged in the assembling and testing of electronic components and products to produce completed PCBs, semi-finished sub-assemblies, and fullyassembled electronic products as well as semiconductor devices.

Nationgate Holdings Bhd (XKLS:0270) Headlines

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