Wing Fung Group Asia (HKSE:08526) Debt-to-Asset : 0.18 (As of Jun. 2024)

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What is Wing Fung Group Asia Debt-to-Asset?

Wing Fung Group Asia's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$22.48 Mil. Wing Fung Group Asia's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2024 was HK$0.00 Mil. Wing Fung Group Asia's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Jun. 2024 was HK$123.91 Mil. Wing Fung Group Asia's debt to asset for the quarter that ended in Jun. 2024 was 0.18.

Wing Fung Group Asia Debt-to-Asset Historical Data

The historical data trend for Wing Fung Group Asia'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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Wing Fung Group Asia Debt-to-Asset Chart

Wing Fung Group Asia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Debt-to-Asset

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0.18

0.15

0.21

0.22

0.20

Wing Fung Group Asia Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24	Dec24
Debt-to-Asset	Get a 7-Day Free Trial															0.22	-	0.22	0.18	0.20

Competitive Comparison of Wing Fung Group Asia's Debt-to-Asset

For the Building Products & Equipment subindustry, Wing Fung Group Asia'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.

Wing Fung Group Asia's Debt-to-Asset Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wing Fung Group Asia's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Wing Fung Group Asia's Debt-to-Asset falls into.

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Wing Fung Group Asia Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Wing Fung Group Asia'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
	=	(28.161	+	0.22)	/	130.799
	=	0.22

Wing Fung Group Asia'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
	=	(22.478	+	0)	/	123.906
	=	0.18

Wing Fung Group Asia (HKSE:08526) 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.

Wing Fung Group Asia Debt-to-Asset Related Terms

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Wing Fung Group Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wing Fung Group Asia Ltd (HKSE:08526) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1 Wang Kwong Road, Unit D, 21/F., Tower B, Billion Centre, Kowloon Bay, Kowloon, HKG

Website

https://www.wingfunggroup.com

Wing Fung Group Asia Ltd is an investment holding company principally engaged in the provision of supply, installation, and fitting-out services of MVAC (mechanical ventilation and air-conditioning) systems for buildings. The Company's customers principally consist of main contractors and subcontractors of building projects. The building projects principally consist of infrastructural, commercial, and residential building projects, including offices, hotels, hospitals, data centers, shopping malls, and educational and training institutions. It receives maximum revenue from construction contracts. Geographically, the company derives the majority of its revenue from Hong Kong.

Executives

Wing Fung Capital Limited	2101 Beneficial owner
Chung Chi Keung	2201 Interest of corporation controlled by you

Wing Fung Group Asia Headlines

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