China Aerospace International Holdings (HKSE:00031) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is China Aerospace International 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. China Aerospace International Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

China Aerospace International Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.07) to Dec. 2023 (0.10). It may suggest that China Aerospace International Holdings is progressively becoming more dependent on debt to grow their business.

China Aerospace International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Aerospace International 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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China Aerospace International Holdings LT-Debt-to-Total-Asset Chart

China Aerospace International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.10

China Aerospace International Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.06	0.07	0.10	0.10

China Aerospace International Holdings LT-Debt-to-Total-Asset Calculation

China Aerospace International Holdings'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 )
	=	1461.58	/	14583.284
	=	0.10

China Aerospace International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1461.58	/	14583.284
	=	0.10

China Aerospace International Holdings (HKSE:00031) 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.

China Aerospace International Holdings LT-Debt-to-Total-Asset Related Terms

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China Aerospace International Holdings (HKSE:00031) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » China Aerospace International Holdings Ltd (HKSE:00031) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CIOC:Germany

Address

18 Tak Fung Street, Hung Hom, Room 1103-1107A, One Harbourfront, Kowloon, Hong Kong, HKG

Website

https://www.casil-group.com

China Aerospace International Holdings Ltd is an investment holding company engaged in the research and development, design, professional production, sales and services of the hi-tech manufacturing business such as plastic products, electronic products, power products and semiconductor products, it is also engaged in the segment like Aerospace Service Property investment. The business operation majorly functions through the region of Hong Kong.

Executives

Burhill Company Limited	2101 Beneficial owner
Zhong Guo Hang Tian Ke Ji Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

China Aerospace International Holdings (HKSE:00031) Headlines

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