Hiap Teck Venture Bhd (XKLS:5072) LT-Debt-to-Total-Asset : 0.00 (As of Jan. 2024)

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What is Hiap Teck Venture 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. Hiap Teck Venture Bhd's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.00.

Hiap Teck Venture Bhd's long-term debt to total assets ratio declined from Jan. 2023 (0.00) to Jan. 2024 (0.00). It may suggest that Hiap Teck Venture Bhd is progressively becoming less dependent on debt to grow their business.

Hiap Teck Venture Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hiap Teck Venture 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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Hiap Teck Venture Bhd LT-Debt-to-Total-Asset Chart

Hiap Teck Venture Bhd Annual Data

Trend

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Jul23

LT-Debt-to-Total-Asset

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0.01

Hiap Teck Venture Bhd Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Hiap Teck Venture Bhd LT-Debt-to-Total-Asset Calculation

Hiap Teck Venture Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	3.366	/	1892.408
	=	0.00

Hiap Teck Venture Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	2.92	/	1988.457
	=	0.00

Hiap Teck Venture Bhd (XKLS:5072) 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.

Hiap Teck Venture Bhd LT-Debt-to-Total-Asset Related Terms

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Hiap Teck Venture Bhd (XKLS:5072) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hiap Teck Venture Bhd (XKLS:5072) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

Lot 6096, Jalan Haji Abdul Manan, Batu 5 1/2, Off Jalan Meru, Klang, SGR, MYS, 41050

Website

https://www.htgrp.com.my

Hiap Teck Venture Bhd is a Malaysia-based company. It has five segments. The Trading segment is involved in importing, exporting, general dealing, and leasing of steel products, hardware, and building materials; the Manufacturing segment is involved in manufacturing, selling, and renting pipes, hollow sections, scaffolding equipment, and other steel products; the Property and Investment segment is engaged in renting out property and investment holding; the Transportation segment includes a provision of transportation of goods by lorries; and the Mining and exploration segment consists of exploring, contracting and other activities related to the mining, processing, and sale of iron ore. It generates a vast majority of the revenues from the Trading segment within Malaysia.

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