Pine Care Group (HKSE:01989) LT-Debt-to-Total-Asset : 0.63 (As of Sep. 2023)

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What is Pine Care Group 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. Pine Care Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.63.

Pine Care Group's long-term debt to total assets ratio declined from Sep. 2022 (0.65) to Sep. 2023 (0.63). It may suggest that Pine Care Group is progressively becoming less dependent on debt to grow their business.

Pine Care Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Pine Care Group'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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Pine Care Group LT-Debt-to-Total-Asset Chart

Pine Care Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.64

0.28

0.61

0.60

0.64

Pine Care Group Semi-Annual Data
	Mar14	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.63	0.60	0.65	0.64	0.63

Pine Care Group LT-Debt-to-Total-Asset Calculation

Pine Care Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	707.112	/	1108.264
	=	0.64

Pine Care Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	679.58	/	1074.319
	=	0.63

Pine Care Group (HKSE:01989) 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.

Pine Care Group LT-Debt-to-Total-Asset Related Terms

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Pine Care Group (HKSE:01989) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Pine Care Group Ltd (HKSE:01989) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

68-72 Yuk Wah Street, Ground Floor, 1 Koon Wah Lane, Tsz Wan Shan, Kowloon, Hong Kong, HKG

Website

https://www.pinecaregroup.com

Pine Care Group Ltd is engaged in the provision of elderly home care services. It operates care and attention homes for the elderly in Hong Kong offering residential care services, nursing care, and medication management. It derives revenue from rendering elderly home care services including the provision of residence, professional nursing and caretaking services, nutritional management, medical services, psychological and social care, and individual care plans; and through the sale of elderly home-related goods and provision of health care services in Hong Kong. The group's revenue is derived solely from its operations in Hong Kong.

Executives

Wong Tak Wai	2304 Executor or administrator
Jong Yat Kit (in The Capacity As The Receiver)	2304 Executor or administrator
Diamond Ridge Holdings Limited	2101 Beneficial owner
Chime Corporation Limited	2201 Interest of corporation controlled by you
Tang Yiu Sing	2201 Interest of corporation controlled by you
Tang Yiu Pong	2201 Interest of corporation controlled by you
Starcorp Limited	2101 Beneficial owner
Smartbase Investments Limited	2101 Beneficial owner
Great Canton Investments Limited	2101 Beneficial owner
Century Fortress Limited	2101 Beneficial owner
Silverage Pine Care Limited
Silverage Pillar Limited
Cho Wing Yin
Ng Kwok Fu Alex
Yim Ting Kwok

Pine Care Group (HKSE:01989) Headlines

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