Hing Yip Holdings (HKSE:00132) LT-Debt-to-Total-Asset : 0.38 (As of Jun. 2024)

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What is Hing Yip 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. Hing Yip Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.38.

Hing Yip Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.50) to Jun. 2024 (0.38). It may suggest that Hing Yip Holdings is progressively becoming less dependent on debt to grow their business.

Hing Yip Holdings LT-Debt-to-Total-Asset Historical Data

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

Hing Yip Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.41

0.46

0.48

0.31

Hing Yip 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															0.48	0.48	0.50	0.31	0.38

Hing Yip Holdings LT-Debt-to-Total-Asset Calculation

Hing Yip 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 )
	=	3065.305	/	9755.709
	=	0.31

Hing Yip 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 )
	=	2978.505	/	7749.326
	=	0.38

Hing Yip Holdings (HKSE:00132) 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.

Hing Yip Holdings LT-Debt-to-Total-Asset Related Terms

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Hing Yip Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hing Yip Holdings Ltd (HKSE:00132) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

62 Mody Road, Unit 501, Wing On Plaza, Tsimshatsui, Kowloon, Hong Kong, HKG

Website

https://www.hingyiphk.com

Hing Yip Holdings Ltd is engaged in construction and operation, financial leasing, industrial Internet, big health and elderly care, and civil explosives, and has a diversified business structure together with the existing hotel business.

Executives

Prize Rich Inc.	2201 Interest of corporation controlled by you
Guo Xing Zhong Ye Xiang Gang You Xian Gong Si	2101 Beneficial owner
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Ji Tuan You Xian Gong Si Qian Cheng Guang Dong Nan Hai Kong Gu Tou Zi You	2201 Interest of corporation controlled by you
Guang Dong Nan Hai Kong Gu Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you

Hing Yip Holdings Headlines

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