ABS-CBN (PHS:ABS) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is ABS-CBN 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. ABS-CBN's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

ABS-CBN's long-term debt to total assets ratio declined from Mar. 2023 (0.34) to Mar. 2024 (0.01). It may suggest that ABS-CBN is progressively becoming less dependent on debt to grow their business.

ABS-CBN LT-Debt-to-Total-Asset Historical Data

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

ABS-CBN Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.09

0.35

0.33

0.01

ABS-CBN 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															0.34	0.33	0.35	0.01	0.01

ABS-CBN LT-Debt-to-Total-Asset Calculation

ABS-CBN'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 )
	=	515.141	/	53103.037
	=	0.01

ABS-CBN'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 )
	=	518.869	/	51217.458
	=	0.01

ABS-CBN (PHS:ABS) 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.

ABS-CBN LT-Debt-to-Total-Asset Related Terms

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ABS-CBN (PHS:ABS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » ABS-CBN Corp (PHS:ABS) » Definitions » LT-Debt-to-Total-Asset

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Address

Mother Ignacia Street, Sgt. Esguerra Avenue Corner, ABS-CBN Broadcasting Center, Diliman, Quezon, QUE, PHL, 1100

Website

http://www.abs-cbn.com

ABS-CBN Corp is one of the media companies in the Philippines. It operates national television networks, radio channels, and international television channels. The company's operating segment includes Content Creation, Production, and Distribution; Cable, satellite, and broadband. It generates maximum revenue from the Content Production and Distribution segment. Geographically, it derives a majority of revenue from the Philippines. ABS-CBN continues to be a supplier of Filipino entertainment, news, and current affairs programs for free TV, cable, and satellite channels and online platforms both in the Philippines and across world.

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