Olympia Industries Bhd (XKLS:3018) LT-Debt-to-Total-Asset : 0.24 (As of Mar. 2024)

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What is Olympia Industries 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. Olympia Industries Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.24.

Olympia Industries Bhd's long-term debt to total assets ratio increased from Mar. 2023 (0.22) to Mar. 2024 (0.24). It may suggest that Olympia Industries Bhd is progressively becoming more dependent on debt to grow their business.

Olympia Industries Bhd LT-Debt-to-Total-Asset Historical Data

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

Olympia Industries Bhd Annual Data

Trend

Jun13

Jun14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.25

0.26

0.22

0.24

Olympia Industries Bhd Quarterly Data
	Jun19	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															0.22	0.22	0.23	0.24	0.24

Olympia Industries Bhd LT-Debt-to-Total-Asset Calculation

Olympia Industries 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 )
	=	129.402	/	549.971
	=	0.24

Olympia Industries 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 )
	=	131.2	/	548.591
	=	0.24

Olympia Industries Bhd (XKLS:3018) 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.

Olympia Industries Bhd LT-Debt-to-Total-Asset Related Terms

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Olympia Industries Bhd (XKLS:3018) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Olympia Industries Bhd (XKLS:3018) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 8, Jalan Raja Chulan, Level 24, Menara Olympia, Kuala Lumpur, SGR, MYS, 50200

Website

https://www.oib.com.my

Olympia Industries Bhd is an investment holding company. The company's operating segments include Leasing; Property development; Gaming; and Investment holding and dormant. It generates maximum revenue from the Gaming segment. The Gaming segment includes organising, managing, and sales of numbers forecast pools and public lotteries. The Property development segment includes the development of residential and commercial properties. The Leasing segment includes the rental of office and retail spaces and other related activities. The Investment holding and dormant segment includes investment holding and other business units include trading and retailing business. Geographically, it derives revenue from Malaysia.

Olympia Industries Bhd (XKLS:3018) Headlines

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