GOME Retail Holdings (HKSE:00493) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is GOME Retail Holdings 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. GOME Retail Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

GOME Retail Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.01). It may suggest that GOME Retail Holdings is progressively becoming less dependent on debt to grow their business.

GOME Retail Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for GOME Retail Holdings'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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GOME Retail Holdings LT-Debt-to-Total-Asset Chart

GOME Retail Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.22

0.13

0.02

0.01

GOME Retail Holdings 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															0.13	0.10	0.02	0.02	0.01

GOME Retail Holdings LT-Debt-to-Total-Asset Calculation

GOME Retail Holdings'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 )
	=	456.968	/	32788.923
	=	0.01

GOME Retail Holdings'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 )
	=	456.968	/	32788.923
	=	0.01

GOME Retail Holdings (HKSE:00493) 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.

GOME Retail Holdings LT-Debt-to-Total-Asset Related Terms

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GOME Retail Holdings (HKSE:00493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » GOME Retail Holdings Ltd (HKSE:00493) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CKS2:Germany

Address

8 Finance Street, Suite 2915, 29th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

http://www.gome.com.hk

GOME Retail Holdings Ltd is an electrical appliance retailer operating in China and Hong Kong. Its products include audio and video electrical appliances, refrigerating and washing devices, telecommunications devices, and other electronic and technological devices. By geographical segment, the company divides its sales into Chinese regions - Beijing, Guangzhou, Shenzhen, Xi'an, Jinan, Chengdu, Shanghai, and Others. By product categories, revenue is split into Air conditioners, Refrigerators and Washing machines, Telecommunication, Small white appliances, Computer and Digital, and New business.

Executives

Shinning Crown Holdings Inc.	2101 Beneficial owner
Du Juan	2202 Interest of your spouse
Wong Kwong Yu	2201 Interest of corporation controlled by you
Gome Management Limited	2101 Beneficial owner
Ever Ocean Investments Limited	2201 Interest of corporation controlled by you
Trans Asia Inter Capital Limited	2101 Beneficial owner
Yuen Chi Hang Clement
Pinduoduo Inc.	2101 Beneficial owner
Ark Trust (hong Kong) Limited	2301 Trustee

GOME Retail Holdings (HKSE:00493) Headlines

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