Dancomech Holdings Bhd (XKLS:5276) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2024)

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

Dancomech Holdings Bhd's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.03). It may suggest that Dancomech Holdings Bhd is progressively becoming less dependent on debt to grow their business.

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

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

Dancomech Holdings Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.04

0.05

0.04

0.03

Dancomech 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															0.04	0.04	0.04	0.04	0.03

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

Dancomech 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 )
	=	10.245	/	308.476
	=	0.03

Dancomech 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 )
	=	10.245	/	308.476
	=	0.03

Dancomech Holdings Bhd (XKLS:5276) 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.

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

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Dancomech Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Dancomech Holdings Bhd (XKLS:5276) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot 19, Jalan Pelukis U1/46, Temasya Industrial Park, Seksyen U1, Shah Alam, SGR, MYS, 40150

Website

https://www.dancomech.com.my

Dancomech Holdings Bhd is a Malaysia based investment holding company principally involved in the business of the Trading and distribution of process control equipment and measurement instruments; Manufacture of pumps; Provision of material handling system solutions; Metal Stamping and manufacturing of tools and dies; E&E engineering which involves Electrical, electronic and instrumentation engineering, contracting, commissioning and servicing. The group supplies the products to customers mainly involved in the palm oil and oleochemicals, oil and gas, and water and wastewater industries. It derives prime revenue from the Trading and distribution of process control equipment and measurement instruments segment.

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