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Glostrext Bhd (XKLS:0284) LT-Debt-to-Total-Asset : 0.08 (As of Sep. 2024)


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What is Glostrext 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. Glostrext Bhd's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.08.

Glostrext Bhd's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.08). It may suggest that Glostrext Bhd is progressively becoming less dependent on debt to grow their business.

Glostrext Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Glostrext 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.

* Premium members only.

Glostrext Bhd LT-Debt-to-Total-Asset Chart

Glostrext Bhd Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24
LT-Debt-to-Total-Asset
0.32 0.30 0.21 0.19 0.08

Glostrext Bhd Quarterly Data
Mar20 Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.09 0.08 0.08 0.08 0.08

Glostrext Bhd LT-Debt-to-Total-Asset Calculation

Glostrext Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )/Total Assets (A: Mar. 2024 )
=5.118/62.378
=0.08

Glostrext Bhd'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 )
=4.902/65.085
=0.08

* 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.

Glostrext Bhd  (XKLS:0284) 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.

Glostrext Bhd LT-Debt-to-Total-Asset Related Terms

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Glostrext Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Glostrext Bhd (XKLS:0284) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
XKLS:7163 XKLS:9717 XKLS:8591 XKLS:6998 XKLS:6173 XKLS:5006 XKLS:5070 XKLS:0221 XKLS:0237 XKLS:7544 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XPAR:EN
Traded in Other Exchanges
N/A
Address
No. 11A, Jalan Apollo U5/194, Bandar Pinggiran Subang, Seksyen U5, Shah Alam, SGR, MYS, 40150
Website
https://www.glostrext.com
Glostrext Bhd is a geotechnical instrumentation service provider, where it provides piling, structural and geotechnical-related services, covering instrumentation, testing, and monitoring services to construction projects as well as completed buildings and infrastructure. Its service offerings can be categorized into three segments; Provision of pile instrumentation and static load test services to construction projects and Provision of structural and ground instrumentation and monitoring services to construction projects as well as completed buildings and infrastructures, and Other related activities. Most revenue is derived from pile instrumentation and static load test services.

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