YYGH (YY Group Holding) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is YY Group Holding 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. YY Group Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

YY Group Holding's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.08). It may suggest that YY Group Holding is progressively becoming less dependent on debt to grow their business.

YY Group Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for YY Group Holding'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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YY Group Holding LT-Debt-to-Total-Asset Chart

YY Group Holding Annual Data

Trend

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.18

0.23

0.05

YY Group Holding Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			-	0.23	0.10	0.05	0.08

YY Group Holding LT-Debt-to-Total-Asset Calculation

YY Group Holding'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 )
	=	0.539	/	10.67
	=	0.05

YY Group Holding'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 )
	=	1.022	/	13.009
	=	0.08

YY Group Holding (NAS:YYGH) 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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YY Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » YY Group Holding Ltd (NAS:YYGH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Paya Lebar Road, 09-13 to 17 Paya Lebar Square, Singapore, SGP, 409051

Website

https://www.yygroupholding.com

YY Group Holding Ltd is a data and technology driven company focused on developing enterprise intelligent labor matching services and smart cleaning services founded in Singapore. It provides enterprise manpower outsourcing and smart cleaning services in Singapore and Malaysia. The group has two operating segment, which is cleaning services segment and manpower outsourcing services, Maximum revenue is generated from cleaning services.