Orient Overseas (International) (HKSE:00316) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

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What is Orient Overseas (International) 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. Orient Overseas (International)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

Orient Overseas (International)'s long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.06). It may suggest that Orient Overseas (International) is progressively becoming less dependent on debt to grow their business.

Orient Overseas (International) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Orient Overseas (International)'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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Orient Overseas (International) LT-Debt-to-Total-Asset Chart

Orient Overseas (International) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.23

0.13

0.07

0.06

Orient Overseas (International) 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															0.13	0.09	0.07	0.06	0.06

Orient Overseas (International) LT-Debt-to-Total-Asset Calculation

Orient Overseas (International)'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 )
	=	7180.096	/	121904.613
	=	0.06

Orient Overseas (International)'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 )
	=	7180.096	/	121904.613
	=	0.06

Orient Overseas (International) (HKSE:00316) 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.

Orient Overseas (International) LT-Debt-to-Total-Asset Related Terms

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Orient Overseas (International) (HKSE:00316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Orient Overseas (International) Ltd (HKSE:00316) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

OROVY:USA OROVF:USA ORI1:Germany

Address

25 Harbour Road, 31st Floor, Harbour Centre, Wanchai, Hong Kong, HKG

Website

https://www.ooilgroup.com

Orient Overseas (International) Ltd is engaged in container transport and logistics. Container transport and logistics include containerized shipping services in majorly trade lanes, covering Trans-Pacific, Trans-Atlantic, Asia/Europe, Asia/Australia, and Intra-Asia trades, and integrated services over the management and control of effective storage and flow of goods. Revenue comprises gross freight income, charter hire, service, and other income from the operation of the container transport and logistics and rental income from the investment property.

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