CRHHF (Cross-Harbour (Holdings)) LT-Debt-to-Total-Asset : 0.03 (As of Jun. 2024)

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What is Cross-Harbour (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. Cross-Harbour (Holdings)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.03.

Cross-Harbour (Holdings)'s long-term debt to total assets ratio declined from Jun. 2023 (0.03) to Jun. 2024 (0.03). It may suggest that Cross-Harbour (Holdings) is progressively becoming less dependent on debt to grow their business.

Cross-Harbour (Holdings) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cross-Harbour (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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Cross-Harbour (Holdings) LT-Debt-to-Total-Asset Chart

Cross-Harbour (Holdings) 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

Cross-Harbour (Holdings) 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	0.03	0.03

Cross-Harbour (Holdings) LT-Debt-to-Total-Asset Calculation

Cross-Harbour (Holdings)'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 )
	=	34.575	/	1090.405
	=	0.03

Cross-Harbour (Holdings)'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 )
	=	29.377	/	1093.098
	=	0.03

Cross-Harbour (Holdings) (GREY:CRHHF) 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.

Cross-Harbour (Holdings) LT-Debt-to-Total-Asset Related Terms

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Cross-Harbour (Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Cross-Harbour (Holdings) Ltd (GREY:CRHHF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00032:Hong Kong

Address

26 Harbour Road, China Resources Building, 25th Floor, Wanchai, Hong Kong, HKG

Website

https://www.crossharbour.com.hk

Cross-Harbour (Holdings) Ltd is a Hong Kong-based company that operates instructional driving schools. The principal activity of the firm is an investment holding with an emphasis on transport infrastructures tunnel operation, the operation of driver training centers, and the operation of electronic toll collection systems. The company's Hong Kong School of Motoring is one of the instructional driving programs in Hong Kong. The School of Motoring provides training for both new and advanced drivers as well as training for commercial operators and public organizations. Fees from its driving school operations represent the majority of the company's revenue.

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