Airports of Vietnam (HSTC:ACV) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2023)

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What is Airports of Vietnam 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. Airports of Vietnam's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.16.

Airports of Vietnam's long-term debt to total assets ratio declined from Sep. 2022 (0.19) to Sep. 2023 (0.16). It may suggest that Airports of Vietnam is progressively becoming less dependent on debt to grow their business.

Airports of Vietnam LT-Debt-to-Total-Asset Historical Data

The historical data trend for Airports of Vietnam'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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Airports of Vietnam LT-Debt-to-Total-Asset Chart

Airports of Vietnam Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.28

0.25

0.27

0.25

0.18

Airports of Vietnam Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.18	0.19	0.17	0.16

Airports of Vietnam LT-Debt-to-Total-Asset Calculation

Airports of Vietnam's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	10834404.775	/	60101549.661
	=	0.18

Airports of Vietnam's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	10333426.667	/	65560949.25
	=	0.16

Airports of Vietnam (HSTC:ACV) 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.

Airports of Vietnam LT-Debt-to-Total-Asset Related Terms

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Airports of Vietnam (HSTC:ACV) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Airports Corp. of Vietnam (HSTC:ACV) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 58 Truong Son, Ward 2, Tan Binh District, Vietnam Airport Corporation Building, Ho Chi Minh, VNM

Website

https://www.vietnamairport.vn

Airports Corp. of Vietnam is engaged in managing international and domestic airports. The company is involved in investment, management of capital investments, direct manufacturing at airports, and aerodromes; Provision of services of aviation safety; Supply of technical services, science and technology services both domestic and offshore areas; and other related activities.