AGBA Group Holding (FRA:D6D) LT-Debt-to-Total-Asset : 0.11 (As of Jun. 2024)

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What is AGBA Group Holding 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. AGBA Group Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.11.

AGBA Group Holding's long-term debt to total assets ratio declined from Jun. 2023 (0.12) to Jun. 2024 (0.11). It may suggest that AGBA Group Holding is progressively becoming less dependent on debt to grow their business.

AGBA Group Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for AGBA Group Holding'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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AGBA Group Holding LT-Debt-to-Total-Asset Chart

AGBA Group Holding Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.71

0.16

AGBA Group Holding Quarterly Data
	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.12	0.13	0.16	0.17	0.11

AGBA Group Holding LT-Debt-to-Total-Asset Calculation

AGBA Group Holding'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 )
	=	9.762	/	61.062
	=	0.16

AGBA Group Holding'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 )
	=	9.292	/	82.936
	=	0.11

AGBA Group Holding (FRA:D6D) 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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AGBA Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AGBA Group Holding Ltd (FRA:D6D) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Johnston Road, AGBA Tower, Wan Chai, Hong Kong, HKG

Website

https://www.agba.com

AGBA Group Holding Ltd provides healthcare, wellness, financial advisory, and fintech services. The group is organized into four divisions: Platform, Distribution, Healthcare, and Fintech. The AGBA platform helps individual and corporate customers with financial, medical, and healthcare service options. The AGBA is an omnichannel one-stop financial business solution platform that offers financial services, expands business opportunities, and enhances business productivity to licensed financial advisors, licensed brokers, and licensed financial institutions.

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