Polynet PCL (BKK:POLY) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Polynet 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. Polynet PCL's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Polynet PCL's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.03). It may suggest that Polynet PCL is progressively becoming less dependent on debt to grow their business.

Polynet PCL LT-Debt-to-Total-Asset Historical Data

The historical data trend for Polynet 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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Polynet PCL LT-Debt-to-Total-Asset Chart

Polynet PCL Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.21

0.22

0.12

0.04

Polynet PCL Quarterly Data
	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial							0.11	0.05	0.04	0.04	0.03

Polynet PCL LT-Debt-to-Total-Asset Calculation

Polynet 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 )
	=	54.847	/	1565.895
	=	0.04

Polynet 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 )
	=	48.039	/	1609.83
	=	0.03

Polynet PCL (BKK:POLY) 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.

Polynet PCL LT-Debt-to-Total-Asset Related Terms

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Polynet PCL (BKK:POLY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Polynet PCL (BKK:POLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

888 Moo 11, Bangsaothong District, Bangsaothong Subdistrict, SamutPrakarn, THA, 10570

Website

https://www.polynet.co.th

Polynet PCL is engaged in the forming, manufacturing and distributing products related to rubber, plastic, silicone, molds for the automotive industry, medical tools and equipment and consumer products.