GRFX (Graphex Group) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Graphex 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. Graphex Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Graphex Group's long-term debt to total assets ratio declined from Jun. 2023 (0.27) to Jun. 2024 (0.09). It may suggest that Graphex Group is progressively becoming less dependent on debt to grow their business.

Graphex Group LT-Debt-to-Total-Asset Historical Data

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

Graphex Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.42

0.40

0.36

0.20

0.10

Graphex 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															0.19	0.20	0.27	0.10	0.09

Graphex Group LT-Debt-to-Total-Asset Calculation

Graphex 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 )
	=	11.325	/	108.497
	=	0.10

Graphex 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 )
	=	9.844	/	107.467
	=	0.09

Graphex Group (AMEX:GRFX) 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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Graphex Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Graphex Group Ltd (AMEX:GRFX) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GRFXF:USA 06128:Hong Kong 510:Germany

Address

262 Gloucester Road, 11th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

https://www.graphexgroup.com

Graphex Group Ltd is engaged in the sale of graphene products. It operates in three segments namely, the Graphene Products Segment includes Processing and sale of graphite and graphene-related products; the Landscape Architecture Design Segment includes Providing landscape architecture design; and the catering business focuses on the operation of restaurants. The company derives the majority of its revenue from the sale of graphene products segment.