Sky Chinafortune Holdings Group (HKSE:00141) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2022)

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What is Sky Chinafortune Holdings 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. Sky Chinafortune Holdings Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2022 was 0.00.

Sky Chinafortune Holdings Group's long-term debt to total assets ratio declined from Jun. 2021 (0.03) to Jun. 2022 (0.00). It may suggest that Sky Chinafortune Holdings Group is progressively becoming less dependent on debt to grow their business.

Sky Chinafortune Holdings Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sky Chinafortune Holdings 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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Sky Chinafortune Holdings Group LT-Debt-to-Total-Asset Chart

Sky Chinafortune Holdings Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.03

Sky Chinafortune Holdings Group Semi-Annual Data
	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.03	0.03	-	-

Sky Chinafortune Holdings Group LT-Debt-to-Total-Asset Calculation

Sky Chinafortune Holdings Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	0.856	/	723.674
	=	0.00

Sky Chinafortune Holdings Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2022 is calculated as

LT Debt to Total Assets (Q: Jun. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2022 )	/	Total Assets (Q: Jun. 2022 )
	=	0.464	/	657.367
	=	0.00

Sky Chinafortune Holdings Group (HKSE:00141) 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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Sky Chinafortune Holdings Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sky Chinafortune Holdings Group Ltd (HKSE:00141) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

16-18 Queen’s Road Central, Room 1512, 15th Floor, New World Tower 1, Hong Kong, HKG

Website

http://www.skychinafortune.com

Sky Chinafortune Holdings Group Ltd is an investment holding company. It operates in three segments: Property investment, which includes leasing of properties situated in China; Trading of properties & property-related services, which is into the sale of properties situated in China, including the short-term leasing of properties held for sales and the provision of property-related services; and Retail business segment is into the sale of Chinese liquor and wine, and everyday items and ready-cooked food in the PRC. The majority of its revenue comes from the Property investment segment. The group has operations in the PRC.

Executives

Jiang Jiabao	2101 Beneficial owner
Jiang Tian	2101 Beneficial owner
Hopevision Group Ltd.	2101 Beneficial owner
Shanghai Chongsheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you

Sky Chinafortune Holdings Group Headlines

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