Sports Toto Bhd (XKLS:1562) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Sports Toto 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. Sports Toto Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Sports Toto Bhd's long-term debt to total assets ratio declined from Mar. 2023 (0.33) to Mar. 2024 (0.28). It may suggest that Sports Toto Bhd is progressively becoming less dependent on debt to grow their business.

Sports Toto Bhd LT-Debt-to-Total-Asset Historical Data

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

Sports Toto Bhd Annual Data

Trend

Apr13

Apr14

Apr15

Apr16

Apr17

Apr18

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.20

0.35

0.26

0.36

0.29

Sports Toto Bhd Quarterly Data
	Jan19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.29	0.28	0.28	0.28

Sports Toto Bhd LT-Debt-to-Total-Asset Calculation

Sports Toto Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	1143.835	/	3936.147
	=	0.29

Sports Toto 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 )
	=	1121.316	/	3942.156
	=	0.28

Sports Toto Bhd (XKLS:1562) 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.

Sports Toto Bhd LT-Debt-to-Total-Asset Related Terms

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Sports Toto Bhd (XKLS:1562) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sports Toto Bhd (XKLS:1562) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Jalan Imbi, Level 12 (East Wing), Berjaya Times Square, Kuala Lumpur, MYS, 55100

Website

https://www.berjaya.com

Sports Toto Bhd is a Malaysian company principally engaged in the operations of Toto betting. The company is also involved in other businesses which includes motor retailing, repair and maintenance, and provision of aftersales and insurance services. It is also involved in the operation of a hotel in the Philippines and luxury motor retailing in the United Kingdom, and Development, manufacturing and distribution of computerised wagering and voting systems and provision of software licences and support. Geographically, its presence can be seen in Malaysian, United Kingdom and other international markets of which United Kingdom accounts for a larger share of the revenue.

Sports Toto Bhd (XKLS:1562) Headlines

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