Glory Sun Land Group (HKSE:00299) LT-Debt-to-Total-Asset : 0.07 (As of Jun. 2024)

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What is Glory Sun Land 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. Glory Sun Land Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.07.

Glory Sun Land Group's long-term debt to total assets ratio increased from Jun. 2023 (0.04) to Jun. 2024 (0.07). It may suggest that Glory Sun Land Group is progressively becoming more dependent on debt to grow their business.

Glory Sun Land Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Glory Sun Land 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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Glory Sun Land Group LT-Debt-to-Total-Asset Chart

Glory Sun Land Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.20

0.30

0.14

0.06

0.07

Glory Sun Land Group 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															0.17	0.06	0.04	0.07	0.07

Glory Sun Land Group LT-Debt-to-Total-Asset Calculation

Glory Sun Land Group'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 )
	=	741.355	/	11147.598
	=	0.07

Glory Sun Land Group'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 )
	=	650.174	/	8945.924
	=	0.07

Glory Sun Land Group (HKSE:00299) 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.

Glory Sun Land Group LT-Debt-to-Total-Asset Related Terms

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Glory Sun Land Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

Executives

Yunnan Energy Investment (h K) Co. Limited	2101 Beneficial owner
Yunnan Provincial Energy Investment Group Co., Ltd	2201 Interest of corporation controlled by you
Hunt John Edward	2201 Interest of corporation controlled by you
Da Ming Prime Limited	2101 Beneficial owner
John Edward Hunt	2201 Interest of corporation controlled by you
Wang Jian	2201 Interest of corporation controlled by you
Massive Thriving Limited	2101 Beneficial owner
Bao Xin Development Limited	2201 Interest of corporation controlled by you
Qian Hai Ren Shou Bao Xian Gu Fen You Xian Gong Si	2101 Beneficial owner
Tinmark Development Limited	2201 Interest of corporation controlled by you
Yao Jianhui	2101 Beneficial owner
Bao Xin International Group Limited	2201 Interest of corporation controlled by you
Hongkun Limited	2101 Beneficial owner
Lin Xiaokun	2101 Beneficial owner
China Goldjoy Securities Limited

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