Sincere Co (HKSE:00244) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Sincere 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. Sincere Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Sincere Co's long-term debt to total assets ratio increased from Dec. 2022 (0.02) to Dec. 2023 (0.36). It may suggest that Sincere Co is progressively becoming more dependent on debt to grow their business.

Sincere Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sincere 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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Sincere Co LT-Debt-to-Total-Asset Chart

Sincere Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.04

0.02

0.36

Sincere Co Semi-Annual Data
	Feb14	Aug14	Feb15	Aug15	Feb16	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.04	0.02	0.01	0.36

Sincere Co LT-Debt-to-Total-Asset Calculation

Sincere 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 )
	=	212.181	/	592.616
	=	0.36

Sincere Co'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 )
	=	212.181	/	592.616
	=	0.36

Sincere Co (HKSE:00244) 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.

Sincere Co LT-Debt-to-Total-Asset Related Terms

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Sincere Co (HKSE:00244) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Co Ltd (HKSE:00244) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Connaught Place, 24th Floor, Jardine House, Central, Hong Kong, HKG

Website

https://www.sincere.com.hk

Sincere Co Ltd is mainly engaged in the retailing business. The company has aggregated its operations into three reportable segments, Department Store Operations; Securities Trading and Others. The Department Store Operations segment consists of the operations of department stores offering a wide range of consumer products; the Securities Trading segment consists of the trading of Hong Kong and overseas securities; and the Others segment consists of the sublease of properties and the provision of general and life insurances. Its primary geographic markets are Hong Kong, Mainland China, the United Kingdom and others. Geographically the company receives maximum revenue from Hong Kong.

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