Phuoc Hoa Rubber JSC (STC:PHR) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Phuoc Hoa Rubber JSC 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. Phuoc Hoa Rubber JSC's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Phuoc Hoa Rubber JSC's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Phuoc Hoa Rubber JSC is progressively becoming less dependent on debt to grow their business.

Phuoc Hoa Rubber JSC LT-Debt-to-Total-Asset Historical Data

The historical data trend for Phuoc Hoa Rubber JSC'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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Phuoc Hoa Rubber JSC LT-Debt-to-Total-Asset Chart

Phuoc Hoa Rubber JSC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.07

0.08

0.04

0.02

0.01

Phuoc Hoa Rubber JSC 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															0.02	0.02	0.02	0.01	0.01

Phuoc Hoa Rubber JSC LT-Debt-to-Total-Asset Calculation

Phuoc Hoa Rubber JSC'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 )
	=	41765.301	/	6160532.491
	=	0.01

Phuoc Hoa Rubber JSC'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 )
	=	44417.556	/	5989732.709
	=	0.01

Phuoc Hoa Rubber JSC (STC:PHR) 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.

Phuoc Hoa Rubber JSC LT-Debt-to-Total-Asset Related Terms

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Phuoc Hoa Rubber JSC (STC:PHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Phuoc Hoa Rubber JSC (STC:PHR) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Phuoc Hoa Commune, Phu Giao District, Binh Duong, VNM

Website

http://www.phuruco.vn

Phuoc Hoa Rubber JSC is a Vietnam-based company engages in the manufacture and sale of rubber products. It processes latex and manufactures basic rubber products, such as Standard Vietnamese Rubber (SVR) products.