Sin-Kung Logistics Bhd (XKLS:0305) LT-Debt-to-Total-Asset : 0.39 (As of Jun. 2024)

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What is Sin-Kung Logistics 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. Sin-Kung Logistics Bhd's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.39.

Sin-Kung Logistics Bhd's long-term debt to total assets ratio increased from Dec. 2022 (0.38) to Jun. 2024 (0.39). It may suggest that Sin-Kung Logistics Bhd is progressively becoming more dependent on debt to grow their business.

Sin-Kung Logistics Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sin-Kung Logistics 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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Sin-Kung Logistics Bhd LT-Debt-to-Total-Asset Chart

Sin-Kung Logistics Bhd Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.43

0.41

0.38

0.53

Sin-Kung Logistics Bhd Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23	Jun24
LT-Debt-to-Total-Asset	0.43	0.41	0.38	0.53	0.39

Sin-Kung Logistics Bhd LT-Debt-to-Total-Asset Calculation

Sin-Kung Logistics 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 )
	=	111.37	/	210.34
	=	0.53

Sin-Kung Logistics Bhd'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 )
	=	64.218	/	166.799
	=	0.39

Sin-Kung Logistics Bhd (XKLS:0305) 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.

Sin-Kung Logistics Bhd LT-Debt-to-Total-Asset Related Terms

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Sin-Kung Logistics Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sin-Kung Logistics Bhd (XKLS:0305) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Bukit Kemuning, Lot 1928, Shah Alam, SGR, MYS, 40460

Website

https://www.sinkung.my

Sin-Kung Logistics Bhd is a integrated logistics service provider. It is involved in the provision of trucking services with a focus on airport-to-airport road feeder services and also provide container haulage services, warehousing and distribution services and other logistics related services.

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