Econpile Holdings Bhd (XKLS:5253) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Econpile 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. Econpile Holdings Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Econpile Holdings Bhd's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that Econpile Holdings Bhd is progressively becoming less dependent on debt to grow their business.

Econpile Holdings Bhd LT-Debt-to-Total-Asset Historical Data

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

Econpile Holdings Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.01

0.04

0.03

Econpile Holdings Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.02	0.03

Econpile Holdings Bhd LT-Debt-to-Total-Asset Calculation

Econpile Holdings Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	19.616	/	657.777
	=	0.03

Econpile Holdings Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	19.849	/	677.561
	=	0.03

Econpile Holdings Bhd (XKLS:5253) 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.

Econpile Holdings Bhd LT-Debt-to-Total-Asset Related Terms

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Econpile Holdings Bhd (XKLS:5253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Econpile Holdings Bhd (XKLS:5253) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Jalan Sri Permaisuri, Level 8, Tower Block, Plaza Dwitasik, Bandar Sri Permaisuri, Kuala Lumpur, SGR, MYS, 56000

Website

http://www.econpile.com

Econpile Holdings Bhd along with its subsidiaries is engaged in providing construction and piling solutions and building foundation works. Its services include earth retaining systems, earthworks, various piling processes, and basement construction works. All the business operations are carried out of Malaysia. The company serves the property development and infrastructure industry. The other non-reportable segments include investment holding, rental of investment properties and machinery, trading of machinery and related accessories. Econpile generates revenue from construction contracts and rental income.

Econpile Holdings Bhd (XKLS:5253) Headlines

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