Zhixin Group Holding (HKSE:02187) Debt-to-Asset : 0.33 (As of Jun. 2024)

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What is Zhixin Group Holding Debt-to-Asset?

Zhixin Group Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$310.4 Mil. Zhixin Group Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$137.5 Mil. Zhixin Group Holding's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was HK$1,367.9 Mil. Zhixin Group Holding's debt to asset for the quarter that ended in Jun. 2024 was 0.33.

Zhixin Group Holding Debt-to-Asset Historical Data

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

Zhixin Group Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.31

0.30

0.27

0.32

Zhixin Group Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial							0.28	0.32	0.32	0.32	0.33

Competitive Comparison of Zhixin Group Holding's Debt-to-Asset

For the Building Materials subindustry, Zhixin Group Holding'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.

Zhixin Group Holding's Debt-to-Asset Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Zhixin Group Holding's Debt-to-Asset distribution charts can be found below:

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

Zhixin Group Holding Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhixin Group Holding'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
	=	(330.704	+	145.119)	/	1479.059
	=	0.32

Zhixin Group Holding'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
	=	(310.419	+	137.457)	/	1367.907
	=	0.33

Zhixin Group Holding (HKSE:02187) 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.

Zhixin Group Holding Debt-to-Asset Related Terms

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Zhixin Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Zhixin Group Holding Ltd (HKSE:02187) » Definitions » Debt-to-Asset

Traded in Other Exchanges

ZHIXF:USA

Address

1.No. 55, Guankou Avenue, Jimei District, Fujian Province, Xiamen, CHN

Website

http://www.xiamenzhixin.com

Zhixin Group Holding Ltd is a manufacturer and supplier of concrete-based building materials. The principal products of the company are ready-mixed concrete and precast concrete components. In addition, the Group is also engaged in solid waste processing and sales of eco-friendly construction materials. The company's operating segments are (i) Ready-mixed concrete, (ii) Precast concrete components, and (iii) Tailings recycling and bricks. The majority of revenue is from the Ready-mixed concrete segment.

Executives

Yeung Man	2101 Beneficial owner
Lai Yiyang	2101 Beneficial owner
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Hong Wei	2202 Interest of your spouse
Ye Zhijie	2201 Interest of corporation controlled by you
Zhixin Investment Holding Limited	2101 Beneficial owner
Huang Wengui	2201 Interest of corporation controlled by you
Lin Lingling	2202 Interest of your spouse
Yaohe Holding Limited	2101 Beneficial owner

Zhixin Group Holding Headlines

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