Midea Group Co (HKSE:00300) LT-Debt-to-Total-Asset : 0.03 (As of Sep. 2024)

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What is Midea Group Co 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. Midea Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.03.

Midea Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.10) to Sep. 2024 (0.03). It may suggest that Midea Group Co is progressively becoming less dependent on debt to grow their business.

Midea Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Midea Group Co'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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Midea Group Co LT-Debt-to-Total-Asset Chart

Midea Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.12

0.06

0.13

0.11

Midea Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.11	0.10	0.09	0.03

Midea Group Co LT-Debt-to-Total-Asset Calculation

Midea Group Co'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 )
	=	56224.636	/	531618.303
	=	0.11

Midea Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	17139.522	/	624458.49
	=	0.03

Midea Group Co (HKSE:00300) 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.

Midea Group Co LT-Debt-to-Total-Asset Related Terms

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Midea Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Midea Group Co Ltd (HKSE:00300) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

1520:Germany 000333:China

Address

No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

http://www.midea.com

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, with key products such as air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance categories. The firm also engages in industrial automation and robotics systems through wholly owned Kuka, a global market leader based in Germany. Heating, ventilation, and air conditioning, or HVAC, products generally contribute the most to Midea's revenue, followed by other consumer appliances, and robotics and automation systems. In addition, Midea generates around 40% of sales outside China.

Executives

Ubs Group Ag	2201 Interest of corporation controlled by you
Jpmorgan Chase & Co.
Hsbc Holdings Plc	2302 Custodian
Hhlr Fund, L.p.	2101 Beneficial owner
Hhlr Cf, L.p.	2101 Beneficial owner
Hhlr Advisors, Ltd.	2102 Investment manager
China Cosco Shipping Corporation Limited	2201 Interest of corporation controlled by you
China Ocean Shipping Company Limited	2201 Interest of corporation controlled by you
Cosco Shipping Holdings (hong Kong) Limited	2101 Beneficial owner
Cosco Shipping Holdings Co., Ltd.	2201 Interest of corporation controlled by you
J.p. Morgan Securities Plc	2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited	2105 Underwriter
China International Capital Corporation (international) Limited	2201 Interest of corporation controlled by you
Morgan Stanley International Holdings Inc.	2201 Interest of corporation controlled by you
Morgan Stanley & Co. International Plc	2101 Beneficial owner

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