Chin Teck Plantations Bhd (XKLS:1929) LT-Debt-to-Total-Asset : 0.01 (As of Aug. 2024)

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What is Chin Teck Plantations 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. Chin Teck Plantations Bhd's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.01.

Chin Teck Plantations Bhd's long-term debt to total assets ratio declined from Aug. 2023 (0.01) to Aug. 2024 (0.01). It may suggest that Chin Teck Plantations Bhd is progressively becoming less dependent on debt to grow their business.

Chin Teck Plantations Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chin Teck Plantations 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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Chin Teck Plantations Bhd LT-Debt-to-Total-Asset Chart

Chin Teck Plantations Bhd Annual Data

Trend

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Aug24

LT-Debt-to-Total-Asset

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0.01

Chin Teck Plantations Bhd Quarterly Data
	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

Chin Teck Plantations Bhd LT-Debt-to-Total-Asset Calculation

Chin Teck Plantations Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	10.458	/	965.072
	=	0.01

Chin Teck Plantations Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	10.458	/	965.072
	=	0.01

Chin Teck Plantations Bhd (XKLS:1929) 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.

Chin Teck Plantations Bhd LT-Debt-to-Total-Asset Related Terms

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Chin Teck Plantations Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Chin Teck Plantations Bhd (XKLS:1929) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

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Address

Block 2B, Level 3A, Jalan Stesen Sentral 5, Suite 2B-3A-2, Plaza Sentral, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.chinteck.com.my

Chin Teck Plantations Bhd is an investment holding company, which is engaged in the cultivation of oil palms, process and sale of fresh fruit bunches, crude palm oil, and palm kernel and is predominantly carried out in Malaysia. The company has four cultivation estates in Malaysia namely, Jemima and Sungei Sendayan Estate, Gua Musang Estate, Keratong Estate and Fauzi-Lim Estate. The company also participates in joint ventures on oil palm plantations in Indonesia located at Lampung Province, Jambi Province, and South Sumatera Province.

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