Hing Lee (HK) Holdings (HKSE:00396) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Hing Lee (HK) Holdings 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. Hing Lee (HK) Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Hing Lee (HK) Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.01). It may suggest that Hing Lee (HK) Holdings is progressively becoming less dependent on debt to grow their business.

Hing Lee (HK) Holdings LT-Debt-to-Total-Asset Historical Data

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

Hing Lee (HK) Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.03

0.01

Hing Lee (HK) Holdings 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															0.03	0.03	0.03	0.02	0.01

Hing Lee (HK) Holdings LT-Debt-to-Total-Asset Calculation

Hing Lee (HK) Holdings'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 )
	=	2.286	/	182.27
	=	0.01

Hing Lee (HK) Holdings'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 )
	=	2.286	/	182.27
	=	0.01

Hing Lee (HK) Holdings (HKSE:00396) 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.

Hing Lee (HK) Holdings LT-Debt-to-Total-Asset Related Terms

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Hing Lee (HK) Holdings (HKSE:00396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Hing Lee (HK) Holdings Ltd (HKSE:00396) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Yiu Street, Shatin,, Unit 1101, 11th Floor, Delta House, New Territories, Hong Kong, HKG

Website

http://www.hingleehk.com.hk

Hing Lee (Hk) Holdings Ltd is an investment holding company principally engaged in the furniture business. The Company is engaged in the design, manufacture, sale and marketing of residential furniture products, mainly including wooden furniture, sofas, and mattresses. The Company is also engaged in the provision of layout design and decoration services, marketing services related to product display, and licensing of its own brand and product designs.

Executives

Sung Kai Hing	2101 Beneficial owner
Wong Wai King	2202 Interest of your spouse

Hing Lee (HK) Holdings (HKSE:00396) Headlines

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