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Topmix Bhd (XKLS:0302) LT-Debt-to-Total-Asset : 0.21 (As of Sep. 2024)


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What is Topmix 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. Topmix Bhd's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.21.

Topmix Bhd's long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Sep. 2024 (0.21). It may suggest that Topmix Bhd is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Topmix 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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Topmix Bhd LT-Debt-to-Total-Asset Chart

Topmix Bhd Annual Data
Trend Dec20 Dec21 Dec22
LT-Debt-to-Total-Asset
0.34 0.41 0.34

Topmix Bhd Quarterly Data
Dec20 Dec21 Sep22 Dec22 Sep23 Jun24 Sep24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - 0.34 0.22 0.22 0.21

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

Topmix Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )=Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )/Total Assets (A: Dec. 2022 )
=20.645/60.284
=0.34

Topmix 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 )
=21.794/105.121
=0.21

* 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.

Topmix Bhd  (XKLS:0302) 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.

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

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Topmix Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Topmix Bhd (XKLS:0302) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
8 & 10, Jalan Bistari 11, Taman Industri Jaya, Skudai, JHR, MYS, 81300
Website
https://www.topmixhpl.com
Topmix Bhd is involved in the marketing and sales of its own brands of surface decorative products. It also undertakes the design of surface decorative products internally as well as in collaboration with third-party decor paper suppliers. The company's surface decorative products mainly comprise HPL products. It also markets and sells compact panels, PVC edging, wall panels, decorative boards, and PVC plywood. Its surface decorative products are used in a variety of commercial and residential interior surface applications, including wall panels, countertops, table tops, furniture as well as fixtures and displays. It also offers consultation and installation works for compact panel products, in selected instances based on the requirements of its customers, comprising interior designers.

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