Tan Chong Motor Holdings Bhd (XKLS:4405) LT-Debt-to-Total-Asset : 0.07 (As of Dec. 2024)

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What is Tan Chong Motor Holdings 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. Tan Chong Motor Holdings Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.07.

Tan Chong Motor Holdings Bhd's long-term debt to total assets ratio declined from Dec. 2023 (0.10) to Dec. 2024 (0.07). It may suggest that Tan Chong Motor Holdings Bhd is progressively becoming less dependent on debt to grow their business.

Tan Chong Motor Holdings Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tan Chong Motor Holdings 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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Tan Chong Motor Holdings Bhd LT-Debt-to-Total-Asset Chart

Tan Chong Motor Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.07

0.10

0.07

Tan Chong Motor Holdings Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.10	0.06	0.07	0.07

Tan Chong Motor Holdings Bhd LT-Debt-to-Total-Asset Calculation

Tan Chong Motor Holdings Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	375.337	/	5090.544
	=	0.07

Tan Chong Motor Holdings Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	375.337	/	5090.544
	=	0.07

Tan Chong Motor Holdings Bhd (XKLS:4405) 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.

Tan Chong Motor Holdings Bhd LT-Debt-to-Total-Asset Related Terms

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Tan Chong Motor Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tan Chong Motor Holdings Bhd (XKLS:4405) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

62-68 Jalan Sultan Azlan Shah, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 51200

Website

https://www.tanchonggroup.com

Tan Chong Motor Holdings Bhd is an automotive manufacturer based in Malaysia. It conducts its businesses through three segments, namely, Vehicles assembly, manufacturing, distribution and after-sales services segment, Financial Services, and other operations. The Vehicles assembly, manufacturing, distribution and after-sales services segment is its core business and is a majority revenue generator. It is focused on the assembly and distribution of passenger and commercial vehicles, automotive workshop services, distribution of automotive spare parts, and manufacturing of automotive parts. The Financial Services segment provides hire purchase financing, personal loans, and insurance agency services, and the other operations segment is engaged in property and investment holding activities.

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