Country Garden Holdings Co (Country Garden Holdings Co) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2023)

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What is Country Garden 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. Country Garden Holdings Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.09.

Country Garden Holdings Co's long-term debt to total assets ratio declined from Jun. 2022 (0.12) to Jun. 2023 (0.09). It may suggest that Country Garden Holdings Co is progressively becoming less dependent on debt to grow their business.

Country Garden Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Country Garden 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.

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Country Garden Holdings Co LT-Debt-to-Total-Asset Chart

Country Garden Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.12

0.13

0.11

0.12

0.10

Country Garden Holdings Co Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.12	0.12	0.10	0.09

Country Garden Holdings Co LT-Debt-to-Total-Asset Calculation

Country Garden Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	25520.318	/	250221.18
	=	0.10

Country Garden Holdings Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	20907.085	/	226007.345
	=	0.09

Country Garden Holdings Co (OTCPK:CTRYY) 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.

Country Garden Holdings Co LT-Debt-to-Total-Asset Related Terms

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Country Garden Holdings Co (Country Garden Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Holdings Co Ltd (OTCPK:CTRYY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

CTRYF:USA 02007:Hong Kong DZJ:Germany

Address

No. 1 Country Garden Road, Country Garden Centre, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

https://www.countrygarden.com.cn

Listed in 2007, Country Garden Holdings has been one of the largest China real estate developers in contracted sales with a focus on Tier 3 and lower-tier cities. Property development has represented most of CGH's revenue and earnings, and the firm has tapped into new businesses such as robotics construction and venture capital investment. Following the retirement of founder Yang Guoqiang, Yang Huiyan (daughter of Yang Guoqiang) holds an over 50% stake of the company, while Ping An Life Insurance retains 7.7% equity ownership after the private placement in 2015.