ASTEEL Group Bhd (XKLS:7020) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2024)

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What is ASTEEL Group 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. ASTEEL Group Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.10.

ASTEEL Group Bhd's long-term debt to total assets ratio increased from Dec. 2023 (0.09) to Dec. 2024 (0.10). It may suggest that ASTEEL Group Bhd is progressively becoming more dependent on debt to grow their business.

ASTEEL Group Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for ASTEEL Group 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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ASTEEL Group Bhd LT-Debt-to-Total-Asset Chart

ASTEEL Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.11

0.10

0.09

0.10

ASTEEL Group 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															0.09	0.10	0.10	0.10	0.10

ASTEEL Group Bhd LT-Debt-to-Total-Asset Calculation

ASTEEL Group 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 )
	=	24.525	/	245.331
	=	0.10

ASTEEL Group 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 )
	=	24.525	/	245.331
	=	0.10

ASTEEL Group Bhd (XKLS:7020) 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.

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ASTEEL Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » ASTEEL Group Bhd (XKLS:7020) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No.2 Jalan Setia Prima S U13/S Seksyen U13, Suite 27-1 Setia Avenue, Setia Alam, Shah Alam, SGR, MYS, 40170

Website

https://www.asteelgroup.com

ASTEEL Group Bhd operates integrated steel mills in East Malaysia, which is a wholly owned subsidiary of YKGI HOLDINGS BERHAD. ASTEEL specializes in steel roofing and structure design and building and focuses on the downstream industry for other building and construction materials. It is involved in the manufacturing of coated steel products and processing of metal roofing, wall cladding & fencing, metal floor decking, light gauge structural components, purlins, and framing systems under the brands ASTEEL and ASTAR. The firm operates in two segments: ARSB and STARSHINE. ARSB segment that derives the majority of revenue engages in manufacturing and selling coated steel products and downstream roofing products, trading of hardware and building materials in Sabah and Sarawak, East Malaysia.

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