Asian Citrus Holdings (Asian Citrus Holdings) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Asian Citrus Holdings LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Asian Citrus Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Asian Citrus Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.03). It may suggest that Asian Citrus Holdings is progressively becoming more dependent on debt to grow their business.

Asian Citrus Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asian Citrus Holdings's LT-Debt-to-Total-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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Asian Citrus Holdings LT-Debt-to-Total-Asset Chart

Asian Citrus Holdings Annual Data

Trend

Jun14

Jun15

Jun16

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Jun18

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Jun20

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Jun22

Jun23

LT-Debt-to-Total-Asset

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0.03

Asian Citrus Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	0.01	0.03	0.03

Asian Citrus Holdings LT-Debt-to-Total-Asset Calculation

Asian Citrus Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	0.786	/	26.267
	=	0.03

Asian Citrus Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	0.704	/	25.176
	=	0.03

Asian Citrus Holdings (OTCPK:ACITF) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

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Asian Citrus Holdings (Asian Citrus Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Asian Citrus Holdings Ltd (OTCPK:ACITF) » Definitions » LT-Debt-to-Total-Asset

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00073:Hong Kong

Address

2-12 Queen’s Road West, Room 2510, 25/F, Arion Commercial Centre, Sheung Wan, Hong Kong, HKG

Website

http://www.asian-citrus.com

Asian Citrus Holdings Ltd is an investment holding company. The company's segment includes Plantation Business; Fruit Distribution Business and Air-conditioners Distribution Business. It generates maximum revenue from the Fruit Distribution Business segment. The Fruit Distribution Business segment includes the distribution of various fruits.