Hainan Meilan International Airport Co (HKSE:00357) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Hainan Meilan International Airport 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. Hainan Meilan International Airport Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

Hainan Meilan International Airport Co's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.05). It may suggest that Hainan Meilan International Airport Co is progressively becoming more dependent on debt to grow their business.

Hainan Meilan International Airport Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hainan Meilan International Airport 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.

* Premium members only.

Hainan Meilan International Airport Co LT-Debt-to-Total-Asset Chart

Hainan Meilan International Airport Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.05

Hainan Meilan International Airport Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	-	-	0.09	0.05

Hainan Meilan International Airport Co LT-Debt-to-Total-Asset Calculation

Hainan Meilan International Airport 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 )
	=	596.614	/	12426.369
	=	0.05

Hainan Meilan International Airport Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	596.614	/	12426.369
	=	0.05

Hainan Meilan International Airport Co (HKSE:00357) 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.

Hainan Meilan International Airport Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Hainan Meilan International Airport Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Hainan Meilan International Airport Co (HKSE:00357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hainan Meilan International Airport Co Ltd (HKSE:00357) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

HMCTF:USA HAO:Germany

Address

Office Building of Meilan Airport, Hainan Province, Haikou, CHN, 571126

Website

http://www.mlairport.com

Hainan Meilan International Airport Co Ltd is engaged in the operation of an airport and an ancillary hotel and the provision of related services in the PRC. The company engages and generates revenues from the operational activities at the Meilan Airport of the Hainan Province in the People's Republic of China (PRC). Under its aeronautical businesses, the firm provides terminal facilities, ground handling services, and passenger services. The non-aeronautical business includes the leasing of commercial and retail spaces at Meilan Airport, franchising of airport-related business, advertising, car parking, cargo handling, and sales of consumable goods.

Hainan Meilan International Airport Co (HKSE:00357) Headlines

No Headlines