Kinergy (HKSE:03302) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Kinergy 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. Kinergy's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Kinergy's long-term debt to total assets ratio declined from Dec. 2022 (0.05) to Dec. 2023 (0.04). It may suggest that Kinergy is progressively becoming less dependent on debt to grow their business.

Kinergy LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kinergy'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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Kinergy LT-Debt-to-Total-Asset Chart

Kinergy Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.04

0.05

0.04

Kinergy Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.04	0.03	0.05	0.05	0.04

Kinergy LT-Debt-to-Total-Asset Calculation

Kinergy'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 )
	=	35.353	/	934.368
	=	0.04

Kinergy's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	35.353	/	934.368
	=	0.04

Kinergy (HKSE:03302) 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.

Kinergy LT-Debt-to-Total-Asset Related Terms

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Kinergy (HKSE:03302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kinergy Corp Ltd (HKSE:03302) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Changi North Street 1, Lobby 2, Singapore, SGP, 498789

Website

https://www.kinergy.com.sg

Kinergy Corp Ltd is a contract manufacturer specialising in the manufacture of equipment, machines, sub-systems, precision tools, spare parts and components in the semiconductor equipment industry. The company reports three operating segments that are Electronics Manufacturing Services (EMS) for high-mix/low volume sub-systems and equipment, Original Design Manufacturing (ODM) which provides proprietary Kinergy brand of equipment, precision tools, spare parts and Investment division. It derives key revenue from the EMS business. Geographically, the company has a presence in Singapore, the United States, Japan, Mainland China, the Philippines and Other Countries.

Executives

Foo Kaw Jee	2202 Interest of your spouse
Lim Kuak Choi Leslie	2101 Beneficial owner
Lim Kuak Choi Leslie	2101 Beneficial owner
Foo Kaw Jee	2202 Interest of your spouse
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