GR Life Style Co (HKSE:00108) LT-Debt-to-Total-Asset : 0.31 (As of Dec. 2023)

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What is GR Life Style Co 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. GR Life Style Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.31.

GR Life Style Co's long-term debt to total assets ratio declined from Dec. 2022 (0.37) to Dec. 2023 (0.31). It may suggest that GR Life Style Co is progressively becoming less dependent on debt to grow their business.

GR Life Style Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for GR Life Style Co'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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GR Life Style Co LT-Debt-to-Total-Asset Chart

GR Life Style Co Annual Data

Trend

Jan14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.32

0.22

0.37

0.31

GR Life Style Co Semi-Annual Data
	Jul13	Jan14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.32	0.37	0.38	0.31

GR Life Style Co LT-Debt-to-Total-Asset Calculation

GR Life Style Co'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 )
	=	1956.216	/	6412.623
	=	0.31

GR Life Style Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	1956.216	/	6412.623
	=	0.31

GR Life Style Co (HKSE:00108) 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.

GR Life Style Co LT-Debt-to-Total-Asset Related Terms

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GR Life Style Co (HKSE:00108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » GR Life Style Co Ltd (HKSE:00108) » Definitions » LT-Debt-to-Total-Asset

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Address

No. 89 Queensway, Unit 3505, Tower One, Lippo Centre, Hong Kong, HKG

Website

http://www.grproperties.com.hk

GR Life Style Co Ltd Formerly GR Properties Ltd is a Hong Kong-based investment holding company engaged in property businesses. It operates through the segments of property development and investment segment engages in property development and investment in the UK, the USA, and Mainland China; and the property management segment, which is the key revenue driver, engages in the provision of property management services for office buildings, residential properties and car parks in Mainland China.

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