Sunmow Holding Bhd (XKLS:03050) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Sunmow Holding 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. Sunmow Holding Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Sunmow Holding Bhd's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.03). It may suggest that Sunmow Holding Bhd is progressively becoming less dependent on debt to grow their business.

Sunmow Holding Bhd LT-Debt-to-Total-Asset Historical Data

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

Sunmow Holding Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.10

0.07

0.05

0.03

Sunmow Holding Bhd Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.07	0.05	0.05	0.04	0.03

Sunmow Holding Bhd LT-Debt-to-Total-Asset Calculation

Sunmow Holding 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 )
	=	4.246	/	147.311
	=	0.03

Sunmow Holding Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	4.246	/	147.311
	=	0.03

Sunmow Holding Bhd (XKLS:03050) 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.

Sunmow Holding Bhd LT-Debt-to-Total-Asset Related Terms

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Sunmow Holding Bhd (XKLS:03050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunmow Holding Bhd (XKLS:03050) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tun Ahmad Zaidi, No. 142, 1st Floor, Parkcity Commerce Square, Bintulu, SWK, MYS, 97010

Website

https://www.sunmow.com.my

Sunmow Holding Bhd s principally engaged in the construction contract works and provision of construction support services, property development and trading in building materials and tools.

Sunmow Holding Bhd (XKLS:03050) Headlines

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