Hefei Department Store Group Co (SZSE:000417) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is Hefei Department Store Group Co 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. Hefei Department Store Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Hefei Department Store Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.12) to Mar. 2024 (0.11). It may suggest that Hefei Department Store Group Co is progressively becoming less dependent on debt to grow their business.

Hefei Department Store Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hefei Department Store Group Co'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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Hefei Department Store Group Co LT-Debt-to-Total-Asset Chart

Hefei Department Store Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.10

0.11

0.10

Hefei Department Store Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.11	0.10	0.11

Hefei Department Store Group Co LT-Debt-to-Total-Asset Calculation

Hefei Department Store Group Co'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 )
	=	1372.268	/	13149.718
	=	0.10

Hefei Department Store Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1366.647	/	12857.808
	=	0.11

Hefei Department Store Group Co (SZSE:000417) 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.

Hefei Department Store Group Co LT-Debt-to-Total-Asset Related Terms

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Hefei Department Store Group Co (SZSE:000417) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hefei Department Store Group Co Ltd (SZSE:000417) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 96 Su Zhou Road, Hefei, Anhui, CHN, 230001

Website

http://www.hfbh.com.cn

Hefei Department Store Group Co Ltd operates as a retailer in the department store. The company has chain stores which include department stores, supermarkets, electrical appliances, and agricultural product logistics centers.

Executives

Wu Hong	Director
Chen Rui	Director
Zhang Jun Feng	Executives
Huang Wei Ping	Director

Hefei Department Store Group Co (SZSE:000417) Headlines

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