SMIT Holdings (HKSE:02239) Debt-to-Asset : 0.01 (As of Jun. 2024)

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What is SMIT Holdings Debt-to-Asset?

SMIT Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$6.7 Mil. SMIT Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$6.9 Mil. SMIT Holdings's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was HK$1,372.6 Mil. SMIT Holdings's debt to asset for the quarter that ended in Jun. 2024 was 0.01.

SMIT Holdings Debt-to-Asset Historical Data

The historical data trend for SMIT 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.

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SMIT Holdings Debt-to-Asset Chart

SMIT Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.01

0.17

0.13

0.08

SMIT Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial															0.15	0.08	0.03	-	0.01

Competitive Comparison of SMIT Holdings's Debt-to-Asset

For the Security & Protection Services subindustry, SMIT 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.

SMIT Holdings's Debt-to-Asset Distribution in the Business Services Industry

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

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

SMIT Holdings Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

SMIT 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
	=	(4.67	+	2.116)	/	1530.244
	=	0.00

SMIT Holdings'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
	=	(6.678	+	6.896)	/	1372.568
	=	0.01

SMIT Holdings (HKSE:02239) 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.

SMIT Holdings Debt-to-Asset Related Terms

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SMIT Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » SMIT Holdings Ltd (HKSE:02239) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Science Park East Avenue, 1st Floor, Harbour View 2, Hong Kong Science Park Shatin, New Territories, Hong Kong, HKG

Website

https://www.smit.com.cn

SMIT Holdings Ltd is an investment holding company. The Company operates as one security device provider for pay television (TV) broadcasting access worldwide and for mobile point-of-sale (mPOS), or mPOS payment systems in China. The Company's mPOS products are designed to be used primarily by business enterprises for secure and convenient payment transactions. It sells its mPOS devices in China to hardware-based mobile payment service providers, which utilize its mPOS devices in conjunction with their own mobile applications to enable end users to make mobile payment transactions. The Company's conditional access modules, or conditional access module (CAM) products are used to provide end users with access to pay TV content.

Executives

Zhang Shiyun	2202 Interest of your spouse
Ever Expert Holdings Limited	2101 Beneficial owner
Huang Xueliang	2201 Interest of corporation controlled by you
Shen Zhen Qian Hai Guo Wei Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

SMIT Holdings Headlines

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