AVIC Joy Holdings (HK) (HKSE:00260) LT-Debt-to-Total-Asset : 1.18 (As of Jun. 2022)

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What is AVIC Joy Holdings (HK) 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. AVIC Joy Holdings (HK)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 1.18.

AVIC Joy Holdings (HK)'s long-term debt to total assets ratio increased from Jun. 2021 (1.14) to Jun. 2022 (1.18). It may suggest that AVIC Joy Holdings (HK) is progressively becoming more dependent on debt to grow their business.

AVIC Joy Holdings (HK) LT-Debt-to-Total-Asset Historical Data

The historical data trend for AVIC Joy Holdings (HK)'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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AVIC Joy Holdings (HK) LT-Debt-to-Total-Asset Chart

AVIC Joy Holdings (HK) Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.50

0.67

0.40

0.03

AVIC Joy Holdings (HK) Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.03	1.14	-	1.18

AVIC Joy Holdings (HK) LT-Debt-to-Total-Asset Calculation

AVIC Joy Holdings (HK)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.786	/	698.869
	=	0.00

AVIC Joy Holdings (HK)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	811.739	/	685.583
	=	1.18

AVIC Joy Holdings (HK) (HKSE:00260) 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.

AVIC Joy Holdings (HK) LT-Debt-to-Total-Asset Related Terms

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AVIC Joy Holdings (HK) (HKSE:00260) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » AVIC Joy Holdings (HK) Ltd (HKSE:00260) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit 1905A, Level 19, International Commerce Centre, Kowloon, HKG

Website

http://www.avicjoyhk.com

AVIC Joy Holdings (HK) Ltd is an investment holding company. The company's operating segment includes Management and operation of Light Emitting Diode and Energy Management Contracts; Provision of finance lease and loan services and properties investment; and Provision of land development services and sale of construction materials.

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