B. I. G. Industries Bhd (XKLS:7005) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is B. I. G. Industries 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. B. I. G. Industries Bhd's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

B. I. G. Industries Bhd's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.01). It may suggest that B. I. G. Industries Bhd is progressively becoming less dependent on debt to grow their business.

B. I. G. Industries Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for B. I. G. Industries 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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B. I. G. Industries Bhd LT-Debt-to-Total-Asset Chart

B. I. G. Industries Bhd Annual Data

Trend

Dec14

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

LT-Debt-to-Total-Asset

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0.02

0.01

0.04

0.02

B. I. G. Industries Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	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															0.03	0.03	0.02	0.02	0.01

B. I. G. Industries Bhd LT-Debt-to-Total-Asset Calculation

B. I. G. Industries Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (A: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2024 )	/	Total Assets (A: Jun. 2024 )
	=	1.266	/	63.376
	=	0.02

B. I. G. Industries 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 )
	=	0.663	/	64.287
	=	0.01

B. I. G. Industries Bhd (XKLS:7005) 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.

B. I. G. Industries Bhd LT-Debt-to-Total-Asset Related Terms

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B. I. G. Industries Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » B. I. G. Industries Bhd (XKLS:7005) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Tinju 13/50, 19D, 4th Floor, Block 2, Section 13, Worldwide Business Centre, Shah Alam, SGR, MYS, 40675

Website

https://www.bigind.com.my

B. I. G. Industries Bhd is engaged in manufacturing, distributing, and marketing industrial gases, pharmaceutical and medical goods, property development and manufacturing and sale of ready-mix concrete products, manufacturing and trading of reinforced concrete piles and distribution of cement. It operates through the segments namely Gas, Property, Concrete, and Corporate/Others. The company generates maximum revenue from the Gas segment.

B. I. G. Industries Bhd Headlines

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