Citaglobal Bhd (XKLS:7245) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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

Citaglobal Bhd's long-term debt to total assets ratio increased from Jun. 2023 (0.03) to Jun. 2024 (0.04). It may suggest that Citaglobal Bhd is progressively becoming more dependent on debt to grow their business.

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

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

Citaglobal Bhd Annual Data

Trend

Apr13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.04

0.03

0.05

Citaglobal Bhd Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Nov20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.05	0.06	0.04

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

Citaglobal 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 )
	=	24.126	/	539.103
	=	0.04

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	23.468	/	636.37
	=	0.04

Citaglobal Bhd (XKLS:7245) 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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Citaglobal Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Citaglobal Bhd (XKLS:7245) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Level 9, Block 4, Menara TH Plaza Sentral, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, Kuala Lumpur, SGR, MYS, 50470

Website

https://www.citaglobal.my

Citaglobal Bhd is civil engineering and building contractor company that undertakes infrastructure development projects. Its operating segments are Civil engineering and construction, Energy and Manufacturing. The company's product and services engineering Services, oil & gas, Renewable Energy, power generation, properties Investment, community credit services and Digital Media.

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