HENGY (Hengdeli Holdings) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Hengdeli 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. Hengdeli Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Hengdeli Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.01) to Jun. 2024 (0.01). It may suggest that Hengdeli Holdings is progressively becoming more dependent on debt to grow their business.

Hengdeli Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hengdeli 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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Hengdeli Holdings LT-Debt-to-Total-Asset Chart

Hengdeli Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

Hengdeli Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	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															0.01	0.01	0.01	0.01	0.01

Hengdeli Holdings LT-Debt-to-Total-Asset Calculation

Hengdeli 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 )
	=	5.433	/	504.07
	=	0.01

Hengdeli 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 )
	=	4.483	/	504.025
	=	0.01

Hengdeli Holdings (OTCPK:HENGY) 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.

Hengdeli Holdings LT-Debt-to-Total-Asset Related Terms

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Hengdeli Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (OTCPK:HENGY) » Definitions » LT-Debt-to-Total-Asset

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HENGF:USA 03389:Hong Kong

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.hengdeligroup.com

Hengdeli Holdings Ltd is predominantly focused on the manufacturing of high-end consuming accessories, the construction of high-end consuming service platforms, international commodity trading, and its related supply chain services. The operating segments of the company are; High-end consuming accessories which is engaged in the manufacturing of watch accessories, and shop design and decoration services business; and the Commodity trading segment which is engaged in the trading of iron ore and coal. Geographically, the company generates a majority of its revenue from Mainland China and the rest from Hong Kong.

Hengdeli Holdings Headlines

From GuruFocus

David Herro Comments on Hengdeli Holdings

By Holly LaFon Holly LaFon • 04-08-2014

Hengdeli narrowed its loss by 91.3% in 1H2023

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