HEGIF (Hengan International Group Co) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Hengan International 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. Hengan International Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Hengan International Group Co's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.05). It may suggest that Hengan International Group Co is progressively becoming more dependent on debt to grow their business.

Hengan International Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hengan International 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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Hengan International Group Co LT-Debt-to-Total-Asset Chart

Hengan International Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.06

0.02

0.05

0.01

Hengan International Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.05	0.01	0.01	0.05

Hengan International Group Co LT-Debt-to-Total-Asset Calculation

Hengan International 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 )
	=	48.091	/	5632.321
	=	0.01

Hengan International Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	334.063	/	6400.002
	=	0.05

Hengan International Group Co (OTCPK:HEGIF) 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.

Hengan International Group Co LT-Debt-to-Total-Asset Related Terms

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Hengan International Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Hengan International Group Co Ltd (OTCPK:HEGIF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HEGIY:USA 01044:Hong Kong HGNC:Germany

Address

Hengan Industrial City, Anhai Town, Fujian Province, Jinjiang, CHN, 362261

Website

https://www.hengan.com

Hengan International is a leading personal care product manufacturer in China. Its business comprises tissue paper products (58% of sales), sanitary napkins (26% of sales), disposable diapers (5% of sales), and others.