Tai Hing Group Holdings (HKSE:06811) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2023)

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What is Tai Hing 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. Tai Hing Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.29.

Tai Hing Group Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.30) to Dec. 2023 (0.29). It may suggest that Tai Hing Group Holdings is progressively becoming less dependent on debt to grow their business.

Tai Hing Group Holdings LT-Debt-to-Total-Asset Historical Data

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

Tai Hing Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.34

0.28

0.30

0.29

Tai Hing Group Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.28	0.31	0.30	0.29	0.29

Tai Hing Group Holdings LT-Debt-to-Total-Asset Calculation

Tai Hing Group 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 )
	=	753.921	/	2581.624
	=	0.29

Tai Hing Group 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 )
	=	753.921	/	2581.624
	=	0.29

Tai Hing Group Holdings (HKSE:06811) 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.

Tai Hing Group Holdings LT-Debt-to-Total-Asset Related Terms

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Tai Hing Group Holdings (HKSE:06811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Tai Hing Group Holdings Ltd (HKSE:06811) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Hoi Wan Street, Quarry Bay, 13th Floor, Chinachem Exchange Square, Hong Kong, HKG

Website

https://www.taihing.com

Tai Hing Group Holdings Ltd is engaged in the management and operations of restaurants. The company's brand portfolio includes Hot Pot Couple, King Fong Bing Teng, and Asam Chicken Rice, which specialize in Taiwanese hotpots, sophisticated cha chaan teng cuisine, and Southeast Asian delights. Geographically, the firm has operational footprints in Hong Kong, Taiwan, Macau, and Mainland China.

Executives

Chan Wing On	2101 Beneficial owner
Leung Yi Ling	2202 Interest of your spouse
Jun Fa You Xian Gong Si	2101 Beneficial owner

Tai Hing Group Holdings (HKSE:06811) Headlines

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