ITE (Holdings) (HKSE:08092) Debt-to-Asset : 0.02 (As of Sep. 2024)

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What is ITE (Holdings) Debt-to-Asset?

ITE (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.37 Mil. ITE (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was HK$0.00 Mil. ITE (Holdings)'s Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was HK$22.15 Mil. ITE (Holdings)'s debt to asset for the quarter that ended in Sep. 2024 was 0.02.

ITE (Holdings) Debt-to-Asset Historical Data

The historical data trend for ITE (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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ITE (Holdings) Debt-to-Asset Chart

ITE (Holdings) Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Debt-to-Asset

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0.36

0.12

0.05

0.03

ITE (Holdings) Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Sep24
Debt-to-Asset	Get a 7-Day Free Trial															-	0.05	-	0.03	0.02

Competitive Comparison of ITE (Holdings)'s Debt-to-Asset

For the Communication Equipment subindustry, ITE (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.

ITE (Holdings)'s Debt-to-Asset Distribution in the Hardware Industry

For the Hardware industry and Technology sector, ITE (Holdings)'s Debt-to-Asset distribution charts can be found below:

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

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ITE (Holdings) Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

ITE (Holdings)'s Debt-to-Asset for the fiscal year that ended in Mar. 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
	=	(0.725	+	0)	/	23.027
	=	0.03

ITE (Holdings)'s Debt-to-Asset for the quarter that ended in Sep. 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
	=	(0.367	+	0)	/	22.145
	=	0.02

ITE (Holdings) (HKSE:08092) 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.

ITE (Holdings) Debt-to-Asset Related Terms

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ITE (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » ITE (Holdings) Ltd (HKSE:08092) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

478 Castle Peak Road, Units D, 1st Floor, Por Yen Building, Kowloon, Hong Kong, HKG

Website

http://www.hkite.com

ITE (Holdings) Ltd is an investment holding company. It is a smartcard and radio frequency identification (RFID) service provider and system integrator in Hong Kong. Geographically, the company derives a majority of its revenue from Hong Kong and also has a presence in Macao. The company provides solutions that include Smart city information services, E-payments, Identification, Access control, Time attendance, and many more. The company conducts its business within one business segment smartcard systems, RFID, IT services, and related services.

Executives

Cheng Kwok Hung	2101 Beneficial owner
Lau Hon Kwong Vincent	2101 Beneficial owner

ITE (Holdings) Headlines

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