Grand Field Group Holdings (HKSE:00115) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Grand Field Group 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. Grand Field Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Grand Field Group Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.17) to Jun. 2024 (0.16). It may suggest that Grand Field Group Holdings is progressively becoming less dependent on debt to grow their business.

Grand Field Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grand Field Group 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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Grand Field Group Holdings LT-Debt-to-Total-Asset Chart

Grand Field Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.01

0.12

0.19

0.18

Grand Field Group 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															0.19	0.19	0.17	0.18	0.16

Grand Field Group Holdings LT-Debt-to-Total-Asset Calculation

Grand Field Group 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 )
	=	461.361	/	2632.348
	=	0.18

Grand Field Group 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 )
	=	397.13	/	2511.611
	=	0.16

Grand Field Group Holdings (HKSE:00115) 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.

Grand Field Group Holdings LT-Debt-to-Total-Asset Related Terms

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Grand Field Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Grand Field Group Holdings Ltd (HKSE:00115) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

33 Canton Road, Unit 1004B, 10th Floor, Tower 5, China Hong Kong City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.gfghl.com

Grand Field Group Holdings Ltd is an investment holding company engaged in the real estate sector. The business activity of the group is operated through property development, property investment, hotel operation and general trading. The company primarily operates in China.

Executives

Lui Kin Chung	2202 Interest of your spouse
Tsang Tsz Nok Aleen	2101 Beneficial owner
Rhenfield Development Corporation	2101 Beneficial owner
Tsang Yee	2201 Interest of corporation controlled by you
Zhou Wei Kang	2101 Beneficial owner

Grand Field Group Holdings Headlines

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