Absolute Clean Energy PCL (BKK:ACE) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is Absolute Clean Energy PCL 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. Absolute Clean Energy PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

Absolute Clean Energy PCL's long-term debt to total assets ratio increased from Mar. 2023 (0.18) to Mar. 2024 (0.19). It may suggest that Absolute Clean Energy PCL is progressively becoming more dependent on debt to grow their business.

Absolute Clean Energy PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Absolute Clean Energy PCL'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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Absolute Clean Energy PCL LT-Debt-to-Total-Asset Chart

Absolute Clean Energy PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.19

0.21

0.19

0.21

Absolute Clean Energy PCL 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															0.18	0.19	0.18	0.21	0.19

Absolute Clean Energy PCL LT-Debt-to-Total-Asset Calculation

Absolute Clean Energy PCL'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 )
	=	4489.593	/	21737.206
	=	0.21

Absolute Clean Energy PCL'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 )
	=	4234.261	/	22137.641
	=	0.19

Absolute Clean Energy PCL (BKK:ACE) 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.

Absolute Clean Energy PCL LT-Debt-to-Total-Asset Related Terms

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Absolute Clean Energy PCL (BKK:ACE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Absolute Clean Energy PCL (BKK:ACE) » Definitions » LT-Debt-to-Total-Asset

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Address

140/6 ITF Tower 7th Floor Silom Road, Suriyawong, Bangrak, Bangkok, THA, 10500

Website

https://www.ace-energy.co.th

Absolute Clean Energy PCL is engaged in electricity and steam generating and distributing business both domestically and internationally. The company operates in four reportable segments biomass, natural gas, municipal solid waste, and solar energy power plants. It holds approximately 19 COD power plants and approximately 17 projects are being developed.

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