MTR (HKSE:00066) Debt-to-Asset : 0.17 (As of Dec. 2023)

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What is MTR Debt-to-Asset?

MTR's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$1,867 Mil. MTR's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$57,765 Mil. MTR's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$346,426 Mil. MTR's debt to asset for the quarter that ended in Dec. 2023 was 0.17.

MTR Debt-to-Asset Historical Data

The historical data trend for MTR's Debt-to-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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MTR Debt-to-Asset Chart

MTR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.14

0.17

0.15

0.17

MTR Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.14	0.15	0.16	0.17

Competitive Comparison of MTR's Debt-to-Asset

For the Railroads subindustry, MTR's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

MTR's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, MTR's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where MTR's Debt-to-Asset falls into.

MTR Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

MTR's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1867	+	57765)	/	346426
	=	0.17

MTR's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(1867	+	57765)	/	346426
	=	0.17

MTR (HKSE:00066) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

MTR Debt-to-Asset Related Terms

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MTR (HKSE:00066) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » MTR Corp Ltd (HKSE:00066) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

MTCPY:USA MTRJF:USA MRI:Germany

Address

33 Wai Yip Street, MTR Headquarters Building, GPO Box 9916, Telford Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

https://www.mtr.com.hk

MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the firm makes recurring income from commercial business within the stations. This includes rental of retail outlets and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. Average operating profit, in a normalized environment, is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.

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