Magma Group Bhd (XKLS:7243) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Magma 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. Magma Group Bhd's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Magma Group Bhd's long-term debt to total assets ratio declined from Mar. 2023 (0.30) to Mar. 2024 (0.29). It may suggest that Magma Group Bhd is progressively becoming less dependent on debt to grow their business.

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

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

Magma Group Bhd Annual Data

Trend

Jun08

Jun09

Jun10

Jun11

Jun12

Dec14

Jun17

Jun18

Jun21

Dec23

LT-Debt-to-Total-Asset

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0.33

0.28

Magma Group Bhd Quarterly Data
	Mar18	Jun18	Sep18	Mar19	Jun19	Sep19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.30	0.25	0.30	0.28	0.29

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

Magma Group 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 )
	=	68.496	/	245.213
	=	0.28

Magma Group Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	71.895	/	248.363
	=	0.29

Magma Group Bhd (XKLS:7243) 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.

Magma Group Bhd LT-Debt-to-Total-Asset Related Terms

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Magma Group Bhd (XKLS:7243) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magma Group Bhd (XKLS:7243) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

21st Floor Menara KH Jalan Sultan Ismail, Kuala Lumpur, MYS, 50250

Website

https://www.impiana.com

Magma Group Bhd formerly Impiana Hotels Bhd is a Malaysia-based company. It is an investment holding company, which is engaged in the processing, manufacturing, and selling of drinking water. It also manages and operates hotels and resorts, and property investments. The company operates in two business segments that are Hospitality Business and Others.

Magma Group Bhd (XKLS:7243) Headlines

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