Genting Bhd (XKLS:3182) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Genting 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. Genting Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Genting Bhd's long-term debt to total assets ratio declined from Dec. 2022 (0.37) to Dec. 2023 (0.35). It may suggest that Genting Bhd is progressively becoming less dependent on debt to grow their business.

Genting Bhd LT-Debt-to-Total-Asset Historical Data

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

Genting Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.35

0.37

0.35

Genting Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.36	0.34	0.35	0.35

Genting Bhd LT-Debt-to-Total-Asset Calculation

Genting 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 )
	=	36946.2	/	106833.9
	=	0.35

Genting 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 )
	=	36946.2	/	106833.9
	=	0.35

Genting Bhd (XKLS:3182) 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.

Genting Bhd LT-Debt-to-Total-Asset Related Terms

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Genting Bhd (XKLS:3182) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Genting Bhd (XKLS:3182) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GEBHY:USA GEBHF:USA

Address

Jalan Sultan Ismail, 25th Floor, Wisma Genting, Kuala Lumpur, MYS, 50250

Website

https://www.genting.com

Genting Bhd is a diversified holdings company primarily operating in the resorts and casinos industry. The company's primary business segment is Leisure & Hospitality, but the business has several smaller segments: Plantation, Power, Property, and Oil & Gas. The Leisure & Hospitality segment operates numerous resorts worldwide, many of which have casinos, theme parks, concerts, restaurants, and retail shopping locations. Additionally, the company has diversified segments, which control farmland, oil and gas, and real estate. The company generates the vast majority of its revenue from Malaysia and Singapore.

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