LET Group Holdings (HKSE:01383) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2023)

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What is LET Group 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. LET Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.15.

LET Group Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.15) to Jun. 2023 (0.15). It may suggest that LET Group Holdings is progressively becoming more dependent on debt to grow their business.

LET Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for LET Group 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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LET Group Holdings LT-Debt-to-Total-Asset Chart

LET Group Holdings Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.39

0.30

0.27

0.17

0.16

LET Group Holdings Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.17	0.15	0.16	0.15

LET Group Holdings LT-Debt-to-Total-Asset Calculation

LET Group 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 )
	=	1080.906	/	6788.266
	=	0.16

LET Group 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 )
	=	1049.854	/	6983.277
	=	0.15

LET Group Holdings (HKSE:01383) 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.

LET Group Holdings LT-Debt-to-Total-Asset Related Terms

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LET Group Holdings (HKSE:01383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LET Group Holdings Ltd (HKSE:01383) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

168–200 Connaught Road, Unit 1705, 17th Floor, West Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

https://www.suncitygroupholdings.com

LET Group Holdings Ltd develops and operates integrated resorts across Asia, including the Russian Federation, the Philippines, Japan, Hong Kong, The PRC and Vietnam. The group also operates in the mall operation segment.

Executives

Lo Kai Bong	2101 Beneficial owner
Major Success Group Limited	2101 Beneficial owner
Allied Group Limited	2201 Interest of corporation controlled by you
Lee Seng Hui	2103 Interests held jointly with another person
First Asian Holdings Limited	2103 Interests held jointly with another person
Sun Hung Kai & Co. Limited	2201 Interest of corporation controlled by you
United Asia Finance Limited	2201 Interest of corporation controlled by you
Wooco Secretarial Services Limited	2104 Agent
Lee Seng Huang	2201 Interest of corporation controlled by you
Lee Su Hwei	2201 Interest of corporation controlled by you
Lee Shu Yin	2103 Interests held jointly with another person
Apac Resources Limited	2201 Interest of corporation controlled by you
Champion Trade Group Limited	2101 Beneficial owner

LET Group Holdings (HKSE:01383) Headlines

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