AEON Credit Service (M) Bhd (XKLS:5139) LT-Debt-to-Total-Asset : 0.50 (As of May. 2024)

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What is AEON Credit Service (M) 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. AEON Credit Service (M) Bhd's long-term debt to total assests ratio for the quarter that ended in May. 2024 was 0.50.

AEON Credit Service (M) Bhd's long-term debt to total assets ratio declined from May. 2023 (0.51) to May. 2024 (0.50). It may suggest that AEON Credit Service (M) Bhd is progressively becoming less dependent on debt to grow their business.

AEON Credit Service (M) Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for AEON Credit Service (M) 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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AEON Credit Service (M) Bhd LT-Debt-to-Total-Asset Chart

AEON Credit Service (M) Bhd Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

LT-Debt-to-Total-Asset

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0.54

0.64

0.67

0.56

0.53

AEON Credit Service (M) Bhd Quarterly Data
	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.51	0.51	0.47	0.53	0.50

AEON Credit Service (M) Bhd LT-Debt-to-Total-Asset Calculation

AEON Credit Service (M) Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (A: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Feb. 2024 )	/	Total Assets (A: Feb. 2024 )
	=	6631.182	/	12620.337
	=	0.53

AEON Credit Service (M) Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in May. 2024 is calculated as

LT Debt to Total Assets (Q: May. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: May. 2024 )	/	Total Assets (Q: May. 2024 )
	=	6444.98	/	13019.656
	=	0.50

AEON Credit Service (M) Bhd (XKLS:5139) 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.

AEON Credit Service (M) Bhd LT-Debt-to-Total-Asset Related Terms

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AEON Credit Service (M) Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » AEON Credit Service (M) Bhd (XKLS:5139) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8, Jalan Kerinchi, Avenue 10, Level 18, UOA Corporate Tower, The Vertical, Bangsar South City, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200

Website

https://www.aeoncredit.com.my

AEON Credit Service (M) Bhd offers credit cards and other loans and financing options to consumers in Malaysia. The company earns more than 80% of its revenue from interest and financing charges on the loans it provides. Fees provide the remaining revenue. Vehicle financing, with a roughly even split between cars and motorcycles, accounts for more than half of the loans the company has outstanding. Remaining loans outstanding are in the personal financing, consumer durables financing, and credit card categories. Aeon Credit issues credit cards under the Visa and Mastercard brand names.

AEON Credit Service (M) Bhd Headlines

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