GDH Guangnan (Holdings) (HKSE:01203) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is GDH Guangnan (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. GDH Guangnan (Holdings)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

GDH Guangnan (Holdings)'s long-term debt to total assets ratio increased from Sep. 2022 (0.00) to Dec. 2023 (0.11). It may suggest that GDH Guangnan (Holdings) is progressively becoming more dependent on debt to grow their business.

GDH Guangnan (Holdings) LT-Debt-to-Total-Asset Historical Data

The historical data trend for GDH Guangnan (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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GDH Guangnan (Holdings) LT-Debt-to-Total-Asset Chart

GDH Guangnan (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.06

0.11

GDH Guangnan (Holdings) Quarterly Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.08	-	0.11	-

GDH Guangnan (Holdings) LT-Debt-to-Total-Asset Calculation

GDH Guangnan (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 )
	=	535.426	/	4789.001
	=	0.11

GDH Guangnan (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 )
	=	535.426	/	4789.001
	=	0.11

GDH Guangnan (Holdings) (HKSE:01203) 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.

GDH Guangnan (Holdings) LT-Debt-to-Total-Asset Related Terms

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GDH Guangnan (Holdings) (HKSE:01203) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » GDH Guangnan (Holdings) Ltd (HKSE:01203) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GUJB:Germany

Address

6-8 Harbour Road, Units 2905-08, 29th Floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

http://www.gdguangnan.com

GDH Guangnan (Holdings) Ltd is an investment holding company engaged in the manufacturing and sales of tinplates. The company operates through three business segments. The Tinplating segment is engaged in the production and sales of tinplates and related products, which are used as packaging materials for food processing manufacturers. The Fresh and Live Foodstuffs segment is engaged in the distribution, purchasing, and sales of fresh and live foodstuffs. The Property Leasing segment is engaged in the leasing of office and industrial premises to generate rental income. It is also involved in the operation of pig farming and the distribution of live pigs.

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