FESTF (Hybrid Kinetic Group) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Hybrid Kinetic Group 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. Hybrid Kinetic Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Hybrid Kinetic Group's long-term debt to total assets ratio declined from Jun. 2023 (0.01) to Jun. 2024 (0.00). It may suggest that Hybrid Kinetic Group is progressively becoming less dependent on debt to grow their business.

Hybrid Kinetic Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hybrid Kinetic Group'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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Hybrid Kinetic Group LT-Debt-to-Total-Asset Chart

Hybrid Kinetic Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

Hybrid Kinetic Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.03	0.01	-	-

Hybrid Kinetic Group LT-Debt-to-Total-Asset Calculation

Hybrid Kinetic Group'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 )
	=	0	/	0.49
	=

Hybrid Kinetic Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	0	/	0.356
	=

Hybrid Kinetic Group (OTCPK:FESTF) 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.

Hybrid Kinetic Group LT-Debt-to-Total-Asset Related Terms

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Hybrid Kinetic Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hybrid Kinetic Group Ltd (OTCPK:FESTF) » Definitions » LT-Debt-to-Total-Asset

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01188:Hong Kong

Address

199 Des Voeux Road Central, Unit 1002, 10th Floor, Infinitus Plaza, Hong Kong, HKG

Website

http://hk1188.etnet.com.hk

Hybrid Kinetic Group Ltd is engaged in the development and sale of battery management systems and spare parts, high-tech electric motor vehicles, and advanced battery materials. It also engaged in the provision of finance leasing services. The company comprises three reportable segments: High-Tech Electric Motor Vehicles, Battery Management Systems and Spare Parts, and Advanced Batteries Materials. It generates the majority of its revenue from the Battery Management Systems and Spare Parts segment.