Shimao Group Holdings (HKSE:00813) LT-Debt-to-Total-Asset : 0.12 (As of Dec. 2023)

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What is Shimao Group 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. Shimao Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.12.

Shimao Group Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.13) to Dec. 2023 (0.12). It may suggest that Shimao Group Holdings is progressively becoming less dependent on debt to grow their business.

Shimao Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shimao Group 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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Shimao Group Holdings LT-Debt-to-Total-Asset Chart

Shimao Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.18

0.20

0.13

0.12

Shimao Group 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															0.20	-	0.13	0.16	0.12

Shimao Group Holdings LT-Debt-to-Total-Asset Calculation

Shimao Group 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 )
	=	70654.952	/	594195.812
	=	0.12

Shimao Group 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 )
	=	70654.952	/	594195.812
	=	0.12

Shimao Group Holdings (HKSE:00813) 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.

Shimao Group Holdings LT-Debt-to-Total-Asset Related Terms

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Shimao Group Holdings (HKSE:00813) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shimao Group Holdings Ltd (HKSE:00813) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SIOPF:USA QHI:Germany

Address

89 Queensway, 1st Floor, Block 38, Hong Kong Lippo Centre, Hong Kong, HKG

Website

http://www.shimaogroup.hk

Shimao Group Holdings, formerly Shimao Property, is a large real estate developer in China. In addition to property development as the core business, the company plans to raise non-development revenue, which includes property investment, hotels and property management services. Shimao holds residential development projects and hotels, while its 59%-owned Shanghai Shimao holds commercial projects. The two entities collaborate on large mixed-use projects. The free float is about 35%, with the company's founder, Hui Wing Mau, holding the remaining stake.

Executives

Gemfair Investments Limited	2101 Beneficial owner
Overseas Investment Group International Limited	2501 Other
Shiying Finance Limited	2101 Beneficial owner
Hui Wing Mau	2201 Interest of corporation controlled by you

Shimao Group Holdings (HKSE:00813) Headlines

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