Cam Resources Bhd (XKLS:7128) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Cam Resources 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. Cam Resources Bhd's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Cam Resources Bhd's long-term debt to total assets ratio declined from Sep. 2023 (0.03) to Sep. 2024 (0.02). It may suggest that Cam Resources Bhd is progressively becoming less dependent on debt to grow their business.

Cam Resources Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cam Resources 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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Cam Resources Bhd LT-Debt-to-Total-Asset Chart

Cam Resources Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.08

0.09

0.03

0.02

Cam Resources 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	0.02	0.02	0.02	0.02

Cam Resources Bhd LT-Debt-to-Total-Asset Calculation

Cam Resources 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 )
	=	4.343	/	194.016
	=	0.02

Cam Resources 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 )
	=	2.863	/	188.806
	=	0.02

Cam Resources Bhd (XKLS:7128) 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.

Cam Resources Bhd LT-Debt-to-Total-Asset Related Terms

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Cam Resources Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Cam Resources Bhd (XKLS:7128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Batu 12, Jalan Hutan Melintang, Hutan Melintang, Teluk Intan, Perak Darul Ridzuan, MYS, 34600

Website

https://www.camres.com.my

Cam Resources Bhd is an investment holding company. The company along with its subsidiaries is involved in the processing and sale of palm oil, palm kernel, palm fiber, other related products. The company has aggregated its operations into three reportable segments, Investment Holding, Manufacturing and Trading, Palm Oil Mill and Renewable energy. The company currently operates in the following geographical markets, Asia, the Middle East and Africa, and North America. The majority of its revenue is derived from Malaysia. It derives majority revenue from Palm oil mill segment.

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