E-Home Household Service Holdings (E-Home Household Service Holdings) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is E-Home Household Service 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. E-Home Household Service Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

E-Home Household Service Holdings's long-term debt to total assets ratio declined from Jun. 2022 (0.10) to Jun. 2023 (0.04). It may suggest that E-Home Household Service Holdings is progressively becoming less dependent on debt to grow their business.

E-Home Household Service Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for E-Home Household Service 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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E-Home Household Service Holdings LT-Debt-to-Total-Asset Chart

E-Home Household Service Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.10

0.09

0.04

0.10

0.04

E-Home Household Service Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.04	0.08	0.10	0.06	0.04

E-Home Household Service Holdings LT-Debt-to-Total-Asset Calculation

E-Home Household Service 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 )
	=	5.79	/	158.256
	=	0.04

E-Home Household Service Holdings'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 )
	=	5.79	/	158.256
	=	0.04

E-Home Household Service Holdings (NAS:EJH) 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.

E-Home Household Service Holdings LT-Debt-to-Total-Asset Related Terms

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E-Home Household Service Holdings (E-Home Household Service Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » E-Home Household Service Holdings Ltd (NAS:EJH) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangqiao Road, Dongbai Center, 18th Floor, East Tower, Building B, Gulou District, Fuzhou, CHN, 350001

Website

https://www.ej111.com

E-Home Household Service Holdings Ltd is a household service company providing integrated household services through its website and WeChat platform across China. The company offers services including home appliance and housekeeping services. It operates its business mainly by receiving the orders online and providing the services offline. Its operations are organized into five reportable segments: installation and maintenance services, housekeeping services, senior care services, sales of pharmaceutical products and educational consulting services. The group's principal source of revenue comes from the Installation and Maintenance segment, followed by Housekeeping and Senior care services segment.