Gravitas Education Holdings (Gravitas Education Holdings) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2023)

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What is Gravitas Education Holdings 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. Gravitas Education Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.03.

Gravitas Education Holdings's long-term debt to total assets ratio declined from Sep. 2021 (0.21) to Jun. 2023 (0.03). It may suggest that Gravitas Education Holdings is progressively becoming less dependent on debt to grow their business.

Gravitas Education Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gravitas Education Holdings'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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Gravitas Education Holdings LT-Debt-to-Total-Asset Chart

Gravitas Education Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.21

0.25

0.07

0.15

Gravitas Education Holdings Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.07	0.08	0.15	0.03

Gravitas Education Holdings LT-Debt-to-Total-Asset Calculation

Gravitas Education Holdings'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 )
	=	12.374	/	80.673
	=	0.15

Gravitas Education Holdings'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 )
	=	1.943	/	70.075
	=

Gravitas Education Holdings (NYSE:GEHI) 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.

Gravitas Education Holdings LT-Debt-to-Total-Asset Related Terms

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Gravitas Education Holdings (Gravitas Education Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Gravitas Education Holdings Inc (NYSE:GEHI) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fangguyuan Section 1, 3rd Floor, No. 28 Building, Fangzhuang Fengtai District, Beijing, CHN, 100078

Website

https://ir.geh.com.cn

Gravitas Education Holdings Inc is an early childhood education services provider in China. The company offers early childhood education solutions to children by providing kindergarten services and play-and-learn center services, as well as at-home education products. The company has four operating segments, including PRC kindergartens, PRC play-and-learn centers, Singapore kindergartens, student care centers and others, and others. It derives a majority of its revenue from Singapore.