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Maike Tube Industry Holdings (HKSE:01553) Debt-to-Asset : 0.03 (As of Dec. 2023)


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What is Maike Tube Industry Holdings Debt-to-Asset?

Maike Tube Industry Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$44 Mil. Maike Tube Industry Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$3 Mil. Maike Tube Industry Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$1,854 Mil. Maike Tube Industry Holdings's debt to asset for the quarter that ended in Dec. 2023 was 0.03.

Maike Tube Industry Holdings Debt-to-Asset Historical Data

The historical data trend for Maike Tube Industry Holdings'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.

* Premium members only.

Maike Tube Industry Holdings Debt-to-Asset Chart

Maike Tube Industry Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.24 0.07 0.14 0.07 0.03

Maike Tube Industry Holdings Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.14 0.11 0.07 0.09 0.03

Competitive Comparison of Maike Tube Industry Holdings's Debt-to-Asset

For the Steel subindustry, Maike Tube Industry Holdings'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.

Maike Tube Industry Holdings's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Maike Tube Industry Holdings's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Maike Tube Industry Holdings's Debt-to-Asset falls into.


Maike Tube Industry Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Maike Tube Industry Holdings'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
=(43.631 + 3.356) / 1854.284
=0.03

Maike Tube Industry Holdings'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
=(43.631 + 3.356) / 1854.284
=0.03

* 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.

Maike Tube Industry Holdings  (HKSE:01553) 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.

Maike Tube Industry Holdings Debt-to-Asset Related Terms

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Maike Tube Industry Holdings (HKSE:01553) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Maike Tube Industry Holdings Ltd (HKSE:01553) » Definitions » Debt-to-Asset
Comparable Companies
HKSE:02112 HKSE:02738 HKSE:01203 HKSE:08402 HKSE:00217 HKSE:01118 HKSE:00103 HKSE:06890 HKSE:01894 HKSE:01938 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
No. 4 Meide Street, Meigui Zone of Industrial Park, Pingyin County, Shandong Province, Jinan, CHN, 250400
Website
http://www.mechpipingtech.com
Maike Tube Industry Holdings Ltd is an investment holding company. The company, through its subsidiaries, is engaged in the manufacturing of steel pipe products and prefabricated pipe nipple products. Its steel pipe products are made through rolling steel plates and welding the seam and are mainly used for gas, water supply, HVAC, and fire extinguishing. The group offers ERW steel pipes, Standard prefabricated pipe nipples, Spiral Submerged Arc Welded steel pipes, Customised steel pipes, and Design and supply assembled piping systems. It has a business presence in the PRC, the US, Europe, and Other countries of which a majority of revenue is generated from the PRC.
Executives
Zhang Jing Ru 2202 Interest of your spouse
Zhao Pu 2101 Beneficial owner
Kong Linglei 2201 Interest of corporation controlled by you
Ying Stone Holdings Limited 2101 Beneficial owner
Tong Chuang Sheng De Limited 2101 Beneficial owner
Tong Chuang Xing De Limited 2101 Beneficial owner
Shang Hai Heng Yuan Guo Ji Tou Zi You Xian Gong Si 2101 Beneficial owner

Maike Tube Industry Holdings (HKSE:01553) Headlines

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