China East Education Holdings (FRA:ZX3) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2024)

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What is China East Education 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. China East Education Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.11.

China East Education Holdings's long-term debt to total assets ratio declined from Dec. 2023 (0.14) to Dec. 2024 (0.11). It may suggest that China East Education Holdings is progressively becoming less dependent on debt to grow their business.

China East Education Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China East Education 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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China East Education Holdings LT-Debt-to-Total-Asset Chart

China East Education Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.13

0.14

0.15

0.14

0.11

China East Education Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.15	0.15	0.14	0.13	0.11

China East Education Holdings LT-Debt-to-Total-Asset Calculation

China East Education Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	142.421	/	1244.027
	=	0.11

China East Education Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	142.421	/	1244.027
	=	0.11

China East Education Holdings (FRA:ZX3) 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.

China East Education Holdings LT-Debt-to-Total-Asset Related Terms

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China East Education Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China East Education Holdings Ltd (FRA:ZX3) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

00667:Hong Kong

Address

No. 1009 Xuelin Road, Vocational Education Town, Yaohai District, Anhui Province, Hefei, CHN

Website

https://www.chinaeastedu.com

China East Education is the largest vocational training education provider in China in terms of average students enrolled. It was founded in 1988 and its business spans four segments: culinary arts, information & internet technology, auto services, and fashion & beauty. It runs schools under six brands: New East, Omick, Xinhua Internet, Wisezone, Wontone, and On-mind. It also operates customized catering experience centers under Cuisine Academy. Its average students enrolled was 146,839 as of Dec. 31, 2023. In 2023, China East Education's revenue breakdown by major businesses was 56% in culinary arts, 20% in information & internet technology, 21% in auto services.

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