HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) LT-Debt-to-Total-Asset : 0.42 (As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments 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. HK Electric Investments and HK Electric Investments's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.42.

HK Electric Investments and HK Electric Investments's long-term debt to total assets ratio declined from Dec. 2022 (0.42) to Dec. 2023 (0.42). It may suggest that HK Electric Investments and HK Electric Investments is progressively becoming less dependent on debt to grow their business.

HK Electric Investments and HK Electric Investments LT-Debt-to-Total-Asset Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments LT-Debt-to-Total-Asset Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.34

0.37

0.40

0.42

HK Electric Investments and HK Electric Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.40	0.42	0.43	0.42

HK Electric Investments and HK Electric Investments LT-Debt-to-Total-Asset Calculation

HK Electric Investments and HK Electric Investments'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 )
	=	6331.532	/	15178.366
	=	0.42

HK Electric Investments and HK Electric Investments'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 )
	=	6331.532	/	15178.366
	=	0.42

HK Electric Investments and HK Electric Investments (OTCPK:HKCVF) 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.

HK Electric Investments and HK Electric Investments LT-Debt-to-Total-Asset Related Terms

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HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (OTCPK:HKCVF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HKVTY:USA 02638:Hong Kong HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

HK Electric Investments and HK Electric Investments (HK Electric Investments and HK Electric Investments) Headlines

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