Daido Group (HKSE:00544) Debt-to-Asset : 0.92 (As of Jun. 2024)

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What is Daido Group Debt-to-Asset?

Daido Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$217.4 Mil. Daido Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.7 Mil. Daido Group's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was HK$236.9 Mil. Daido Group's debt to asset for the quarter that ended in Jun. 2024 was 0.92.

Daido Group Debt-to-Asset Historical Data

The historical data trend for Daido Group'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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Daido Group Debt-to-Asset Chart

Daido Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.74

0.86

0.83

1.01

Daido Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.83	0.77	0.83	0.92	1.01

Competitive Comparison of Daido Group's Debt-to-Asset

For the Specialty Business Services subindustry, Daido Group'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.

Daido Group's Debt-to-Asset Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Daido Group's Debt-to-Asset distribution charts can be found below:

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

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Daido Group Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Daido Group'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
	=	(173.918	+	35.954)	/	252.538
	=	0.83

Daido Group's Debt-to-Asset for the quarter that ended in Jun. 2024 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(217.388	+	0.711)	/	236.873
	=	0.92

Daido Group (HKSE:00544) 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.

Daido Group Debt-to-Asset Related Terms

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Daido Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Daido Group Ltd (HKSE:00544) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 51 Kwai Cheong Road, Unit No. 1301, Level 13, Tower 1, Kowloon Commerce Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.daidohk.com

Daido Group Ltd is an investment holding company engaged in cold storage and related services business, trading and sales of food and beverage business, and investment holding. It has two segments Cold storage and related services in Hong Kong; and Trading and sales of food and beverage in the PRC and Hong Kong. It generates the majority of its revenue from the Cold storage and Related Services segment. The company generates the majority of its revenue from Hong Kong.

Executives

Fung Pak Kei	2101 Beneficial owner
Ho Hon Chung, Ivan	2101 Beneficial owner
Great Virtue Holding Limited	2101 Beneficial owner
Ever Achieve Enterprises Limited	2101 Beneficial owner
Grand Legacy Holdings Limited	2201 Interest of corporation controlled by you
Premium Access Holdings Limited	2201 Interest of corporation controlled by you
Kong William Waileung	2201 Interest of corporation controlled by you

Daido Group Headlines

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