China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) LT-Debt-to-Total-Asset : 0.06 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is China Resources Beer (Holdings) Co 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. China Resources Beer (Holdings) Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.06.

China Resources Beer (Holdings) Co's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.06). It may suggest that China Resources Beer (Holdings) Co is progressively becoming more dependent on debt to grow their business.

China Resources Beer (Holdings) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Resources Beer (Holdings) Co'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.

* Premium members only.

China Resources Beer (Holdings) Co LT-Debt-to-Total-Asset Chart

China Resources Beer (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.06

China Resources Beer (Holdings) Co 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	0.09	0.06

China Resources Beer (Holdings) Co LT-Debt-to-Total-Asset Calculation

China Resources Beer (Holdings) Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	598.022	/	10017.086
	=	0.06

China Resources Beer (Holdings) Co'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 )
	=	598.022	/	10017.086
	=	0.06

China Resources Beer (Holdings) Co (OTCPK:CRHKY) 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.

China Resources Beer (Holdings) Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of China Resources Beer (Holdings) Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » China Resources Beer (Holdings) Co Ltd (OTCPK:CRHKY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00291:Hong Kong CHK:Germany

Address

No. 26 Harbour Road, Room 2301 and 2310, 23rd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crbeer.com.hk

China Resources Beer, or CR Beer, was originally a conglomerate enterprise with operations across retail, beer, food and beverage sectors. In September 2015, the company disposed of all its non-beer businesses and became a pure beer producer. Through a series of mergers and acquisitions, the company retains its leadership position in China's beer industry. Amid the premiumization trend in the domestic beer market, CR beer acquired Heineken China in 2019, which allows CR Beer access to a premium international brand and also leverages its sophisticated distribution network to grow Heineken's sales and market share. CR Beer is now China's largest brewer, with a volume share of about 24%, versus 18% of Tsingtao and 16% of Budweiser APAC, based on Euromonitor data.

China Resources Beer (Holdings) Co (China Resources Beer (Holdings) Co) Headlines

From GuruFocus

Matthews China Fund Comments on China Resources Enterprise

By Vera Yuan Vera Yuan • 10-20-2014

Matthews Pacific Tiger Fund Adds to China Resources Beer

By Kyle Ferguson Kyle Ferguson • 08-12-2016

Matthews Pacific Tiger Fund Comments on China Resources Enterprise

By Vera Yuan Vera Yuan • 07-24-2014