Asia Standard Hotel Group (HKSE:00292) LT-Debt-to-Total-Asset : 0.50 (As of Sep. 2023)

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What is Asia Standard Hotel 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. Asia Standard Hotel Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.50.

Asia Standard Hotel Group's long-term debt to total assets ratio increased from Sep. 2022 (0.44) to Sep. 2023 (0.50). It may suggest that Asia Standard Hotel Group is progressively becoming more dependent on debt to grow their business.

Asia Standard Hotel Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia Standard Hotel 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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Asia Standard Hotel Group LT-Debt-to-Total-Asset Chart

Asia Standard Hotel Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.41

0.42

0.37

0.45

0.50

Asia Standard Hotel Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.45	0.45	0.44	0.50	0.50

Asia Standard Hotel Group LT-Debt-to-Total-Asset Calculation

Asia Standard Hotel Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	4647.309	/	9281.934
	=	0.50

Asia Standard Hotel Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	4222.779	/	8386.854
	=	0.50

Asia Standard Hotel Group (HKSE:00292) 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.

Asia Standard Hotel Group LT-Debt-to-Total-Asset Related Terms

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Asia Standard Hotel Group (HKSE:00292) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Asia Standard Hotel Group Ltd (HKSE:00292) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

33 Lockhart Road, 30th Floor, YF Life Tower, Wanchai, Hong Kong, HKG

Website

http://www.asiastandardhotelgroup.com

Asia Standard Hotel Group Ltd is a Hong Kong-based investment holding company principally engaged in hotel businesses. The segment in which the group operates includes Hotel Operation, Property development, Financial Investments, and Others. The hotel Operation segment of the company is engaged in hotel operations in Hong Kong and Canada; the Property development segment focuses on properties in Hong Kong and Canada; and the Financial Investments segment is engaged in the investment in financial instruments and earns maximum revenue for the company. The business activity of the company is operated in Hong Kong and Overseas.

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