Swift Haulage Bhd (XKLS:5303) LT-Debt-to-Total-Asset : 0.33 (As of Sep. 2024)

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What is Swift Haulage 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. Swift Haulage Bhd's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.33.

Swift Haulage Bhd's long-term debt to total assets ratio increased from Sep. 2023 (0.31) to Sep. 2024 (0.33). It may suggest that Swift Haulage Bhd is progressively becoming more dependent on debt to grow their business.

Swift Haulage Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Swift Haulage 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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Swift Haulage Bhd LT-Debt-to-Total-Asset Chart

Swift Haulage Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.38

0.31

0.32

0.31

Swift Haulage Bhd Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.31	0.31	0.31	0.31	0.33

Swift Haulage Bhd LT-Debt-to-Total-Asset Calculation

Swift Haulage Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	538.211	/	1720.52
	=	0.31

Swift Haulage Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	558.61	/	1703.125
	=	0.33

Swift Haulage Bhd (XKLS:5303) 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.

Swift Haulage Bhd LT-Debt-to-Total-Asset Related Terms

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Swift Haulage Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Swift Haulage Bhd (XKLS:5303) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 88, Jalan Batai Laut 4, Suite 8.02, Level 8, Intan Millennium Square 2, Taman Intan, Klang, SGR, MYS, 41300

Website

https://www.swiftlogistics.com.my

Swift Haulage Bhd is principally involved in providing integrated logistics services comprising the Container haulage, which derives key revenue, Land Transportation, Warehousing and container depot, and Freight forwarding. It has operations in Malaysia and Thailand. The Container haulage segment is engaged in Transporting laden containers to and from seaports and other locations within Peninsular Malaysia. The Land Transportation segment is into the Movement of cargo by road comprising inland transportation and cross-border transportation. Warehousing and container depot include warehousing services, rental of a warehouse, and open yard area. The freight forwarding segment is into Organising end-to-end transportation of cargo i.e. sea, air, and land freight forwarding.

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