One Glove Group Bhd (XKLS:5079) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is One Glove Group 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. One Glove Group Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

One Glove Group Bhd's long-term debt to total assets ratio declined from Jun. 2022 (0.40) to Dec. 2023 (0.22). It may suggest that One Glove Group Bhd is progressively becoming less dependent on debt to grow their business.

One Glove Group Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for One Glove Group 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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One Glove Group Bhd LT-Debt-to-Total-Asset Chart

One Glove Group Bhd Annual Data

Trend

Dec08

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Dec12

Dec13

Dec14

Dec15

Dec16

Jun19

LT-Debt-to-Total-Asset

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0.01

0.02

0.10

0.06

One Glove Group Bhd Quarterly Data
	Sep17	Mar18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.24	0.21	0.20	0.22

One Glove Group Bhd LT-Debt-to-Total-Asset Calculation

One Glove Group Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2019 is calculated as

LT Debt to Total Assets (A: Jun. 2019 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2019 )	/	Total Assets (A: Jun. 2019 )
	=	0	/	91.116
	=	0.00

One Glove Group 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 )
	=	131.045	/	592.529
	=	0.22

One Glove Group Bhd (XKLS:5079) 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.

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One Glove Group Bhd (XKLS:5079) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » One Glove Group Bhd (XKLS:5079) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Perindustrian Kamunting 3, Lot 73-86, Jalan Logam 5, Kamunting Raya Indutrial Estate, Kamunting, PRK, MYS, 34600

Website

https://www.oneglovegroup.com

One Glove Group Bhd is a glove innovator and manufacturer. The company's segment includes Manufacturing, Investment holding, and Others. Its geographical market includes Japan, Germany, Malaysia, Singapore, the United States of America, India, and Others of which it generates the majority of its revenue from Singapore.

One Glove Group Bhd (XKLS:5079) Headlines

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