Planet Communications Asia PCL (BKK:PLANET) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Planet Communications Asia 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. Planet Communications Asia PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Planet Communications Asia PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.09) to Mar. 2024 (0.07). It may suggest that Planet Communications Asia PCL is progressively becoming less dependent on debt to grow their business.

Planet Communications Asia PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Planet Communications Asia 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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Planet Communications Asia PCL LT-Debt-to-Total-Asset Chart

Planet Communications Asia PCL Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.09

0.08

0.10

0.07

Planet Communications Asia 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															0.09	0.25	0.26	0.07	0.07

Planet Communications Asia PCL LT-Debt-to-Total-Asset Calculation

Planet Communications Asia 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 )
	=	92.976	/	1283.32
	=	0.07

Planet Communications Asia 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 )
	=	87.782	/	1336.748
	=	0.07

Planet Communications Asia PCL (BKK:PLANET) 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.

Planet Communications Asia PCL LT-Debt-to-Total-Asset Related Terms

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Planet Communications Asia PCL (BKK:PLANET) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Planet Communications Asia PCL (BKK:PLANET) » Definitions » LT-Debt-to-Total-Asset

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Address

157 Soi Ramindra 34, Ramindra Road, Tarang Subdistrict, Bangkhen District, Bangkok, THA, 10230

Website

https://www.planetcomm.com

Planet Communications Asia PCL is a Thailand based company engaged in the business of distribution, service, installation and maintenance of telecommunication equipment. It operates in the business segments of the Sale of products and solution; Services segment and Service Provider segment. A majority of revenue is derived from the Sale of products and solution segment which involves sell from being a reseller and selling projects as a system integrator and manufacturer.

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