LC Logistics (HKSE:02490) Debt-to-Asset : 0.07 (As of Jun. 2024)

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What is LC Logistics Debt-to-Asset?

LC Logistics's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$56 Mil. LC Logistics's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$69 Mil. LC Logistics's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was HK$1,698 Mil. LC Logistics's debt to asset for the quarter that ended in Jun. 2024 was 0.07.

LC Logistics Debt-to-Asset Historical Data

The historical data trend for LC Logistics'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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LC Logistics Debt-to-Asset Chart

LC Logistics Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.15

0.08

0.05

0.04

LC Logistics Semi-Annual Data
	Dec20	Dec21	Dec22	Jun23	Dec23	Jun24
Debt-to-Asset	Get a 7-Day Free Trial			0.08	0.05	-	0.04	0.07

Competitive Comparison of LC Logistics's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, LC Logistics'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.

LC Logistics's Debt-to-Asset Distribution in the Transportation Industry

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

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

LC Logistics Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

LC Logistics'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
	=	(61.082	+	2.402)	/	1581.043
	=	0.04

LC Logistics'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
	=	(56.304	+	68.615)	/	1698.219
	=	0.07

LC Logistics (HKSE:02490) 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.

LC Logistics Debt-to-Asset Related Terms

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LC Logistics Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » LC Logistics Inc (HKSE:02490) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

9/F, China Stone Building, 37 Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN

Website

http://www.burnasia.cn

LC Logistics Inc is a company involved in cross-border logistics services. The company provides services cover all major aspects of the cross-border logistics process, including cargo pick-up and sorting, customs clearance, cross-border seaborne transportation, warehouse transit and last-mile delivery.

Executives

Li Yan	2201 Interest of corporation controlled by you
Liu Quanxiang	2201 Interest of corporation controlled by you
Xu Xin	2201 Interest of corporation controlled by you
Grand Sailing Limited	2201 Interest of corporation controlled by you
Lecang Altitude Limited	2101 Beneficial owner
Glorious Sailing Limited	2101 Beneficial owner
Lecang Flourishing Limited	2101 Beneficial owner
Spring Wealth Limited	2201 Interest of corporation controlled by you
Lecang Shining Limited	2101 Beneficial owner
Peace Seaworld Limited	2201 Interest of corporation controlled by you

LC Logistics Headlines

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