CPE Technology Bhd (XKLS:5317) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2023)

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What is CPE Technology Bhd 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. CPE Technology Bhd's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.02.

CPE Technology Bhd's long-term debt to total assets ratio declined from Jun. 2021 (0.10) to Jun. 2023 (0.02). It may suggest that CPE Technology Bhd is progressively becoming less dependent on debt to grow their business.

CPE Technology Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for CPE Technology Bhd'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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CPE Technology Bhd LT-Debt-to-Total-Asset Chart

CPE Technology Bhd Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

0.11

0.10

0.16

0.02

CPE Technology Bhd Semi-Annual Data
	Jun19	Jun20	Jun21	Jun22	Jun23
LT-Debt-to-Total-Asset	0.11	0.11	0.10	0.16	0.02

CPE Technology Bhd LT-Debt-to-Total-Asset Calculation

CPE Technology Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	7.964	/	348.753
	=	0.02

CPE Technology Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	7.964	/	348.753
	=	0.02

CPE Technology Bhd (XKLS:5317) 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.

CPE Technology Bhd LT-Debt-to-Total-Asset Related Terms

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CPE Technology Bhd (XKLS:5317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » CPE Technology Bhd (XKLS:5317) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, JHR, MYS, 81800

Website

https://www.cpetbhd.com

CPE Technology Bhd is an engineering support services provider principally involved in the manufacturing of precision-machined parts and components and the provision of CNC machining services. The precision-machined parts and components are then used by its customers in different industries which include, but not limited to, semiconductors, life science and medical devices, sports equipment, sensor equipment and security industries in Malaysia and overseas. The company utilizes CNC machining as its primary process such as milling, turning and lathing before going through associated secondary processes which include, but not limited to, polishing, grinding and sandblasting to produce precision-machined parts and components from metal rods and blocks.

CPE Technology Bhd (XKLS:5317) Headlines

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