SMIS Bhd (XKLS:7132) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is SMIS 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. SMIS Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

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

SMIS Bhd LT-Debt-to-Total-Asset Historical Data

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

SMIS 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

0.03

0.04

SMIS 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	0.05	0.04

SMIS Bhd LT-Debt-to-Total-Asset Calculation

SMIS 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 )
	=	5.633	/	139.129
	=	0.04

SMIS 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 )
	=	5.633	/	139.129
	=	0.04

SMIS Bhd (XKLS:7132) 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.

SMIS Bhd LT-Debt-to-Total-Asset Related Terms

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SMIS Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » SMIS Corp Bhd (XKLS:7132) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Seksyen U1, Hicom Glenmarie Industrial Park, Lot 3, Jalan Pemaju U1/15, Shah Alam, SGR, MYS, 40150

Website

http://www.smis.com.my

SMIS Corp Bhd is a Malaysia-based firm. The company with its subsidiary is principally involved in the automotive parts manufacturer/supplier with a lesser portion of the SMIS Group business generated from industrial spares trading. The company operates in three reportable segments, namely, Automotive parts that manufacture and trade carpet of all descriptions and manufacturing of automotive braking components and motorcycle components; Machinery parts that trade machinery and industrial parts supplies; and Others that include investment holding and dormant. The company derives the majority of its revenue from Automotive parts segment. The geographical presence of the business is in Malaysia, Thailand, and Indonesia, majority of its revenue is generated from Malaysia.

SMIS Bhd Headlines

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