Texhong International Group (FRA:T1TA) LT-Debt-to-Total-Asset : 0.17 (As of Jun. 2024)

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What is Texhong International 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. Texhong International Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.17.

Texhong International Group's long-term debt to total assets ratio declined from Jun. 2023 (0.19) to Jun. 2024 (0.17). It may suggest that Texhong International Group is progressively becoming less dependent on debt to grow their business.

Texhong International Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Texhong International 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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Texhong International Group LT-Debt-to-Total-Asset Chart

Texhong International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.17

0.14

0.16

Texhong International 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															0.15	0.14	0.19	0.16	0.17

Texhong International Group LT-Debt-to-Total-Asset Calculation

Texhong International 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 )
	=	480.297	/	2929.588
	=	0.16

Texhong International 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 )
	=	464.821	/	2762.419
	=	0.17

Texhong International Group (FRA:T1TA) 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.

Texhong International Group LT-Debt-to-Total-Asset Related Terms

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Texhong International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Texhong International Group Ltd (FRA:T1TA) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

02678:Hong Kong

Address

9 Hoi Shing Road, Room 03, 37th Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.texhong.com

Texhong International Group Ltd produces and distributes yarns, grey fabrics, non-woven fabrics and garment fabrics as well as garments. The company generates majority of its revenue from yarn products, with the rest from fabrics and garments. The company operates mainly operates its business in China, Southeast Asia and the Americas.

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