International Container Terminal Services (PHS:ICT) LT-Debt-to-Total-Asset : 0.53 (As of Mar. 2024)

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What is International Container Terminal Services 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. International Container Terminal Services's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.53.

International Container Terminal Services's long-term debt to total assets ratio increased from Mar. 2023 (0.46) to Mar. 2024 (0.53). It may suggest that International Container Terminal Services is progressively becoming more dependent on debt to grow their business.

International Container Terminal Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for International Container Terminal Services'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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International Container Terminal Services LT-Debt-to-Total-Asset Chart

International Container Terminal Services Annual Data

Trend

Dec14

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Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.45

0.47

0.53

0.43

0.49

International Container Terminal Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.46	0.47	0.49	0.49	0.53

International Container Terminal Services LT-Debt-to-Total-Asset Calculation

International Container Terminal Services'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 )
	=	209573.725	/	426370.943
	=	0.49

International Container Terminal Services'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 )
	=	232598.675	/	442682.348
	=	0.53

International Container Terminal Services (PHS:ICT) 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.

International Container Terminal Services LT-Debt-to-Total-Asset Related Terms

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International Container Terminal Services (PHS:ICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » International Container Terminal Services Inc (PHS:ICT) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

ICTEF:USA

Address

MICT South Access Road, Port of Manila, Manila International Container Terminal, ICTSI Administration Building, Manila, PHL, 1012

Website

https://www.ictsi.com

International Container Terminal Services is a container-handling and terminal company. The company primarily operates, manages, develops, and acquires container terminals to handle import and export cargo shipped in containers. Besides, the firm provides storage, container stripping and stuffing, and maintenance services. The company organises itself into three geographical segments: Asia; Europe, Middle East, and Africa; and Americas. The company derives the largest portion of revenue from the Asia segment, followed by the Americas and EMEA.

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