Jiahua Stores Holdings (HKSE:00602) LT-Debt-to-Total-Asset : 0.64 (As of Dec. 2023)

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What is Jiahua Stores 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. Jiahua Stores Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.64.

Jiahua Stores Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.52) to Dec. 2023 (0.64). It may suggest that Jiahua Stores Holdings is progressively becoming more dependent on debt to grow their business.

Jiahua Stores Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiahua Stores 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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Jiahua Stores Holdings LT-Debt-to-Total-Asset Chart

Jiahua Stores Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.40

0.45

0.52

0.64

Jiahua Stores 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															0.45	0.52	0.52	0.63	0.64

Jiahua Stores Holdings LT-Debt-to-Total-Asset Calculation

Jiahua Stores 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 )
	=	628.828	/	981.53
	=	0.64

Jiahua Stores 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 )
	=	628.828	/	981.53
	=	0.64

Jiahua Stores Holdings (HKSE:00602) 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.

Jiahua Stores Holdings LT-Debt-to-Total-Asset Related Terms

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Jiahua Stores Holdings (HKSE:00602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Jiahua Stores Holdings Ltd (HKSE:00602) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 2146 Xinhu Road, 4th Floor, Jiahua Ming Yuan, Baoan Central District, Shenzhen, CHN, 518101

Website

http://www.szbjh.com

Jiahua Stores Holdings Ltd operates large scale chain stores. The company's main activity includes operation and management of retail stores and provision of financing services. It mainly operates retail stores in Guangdong and Guangxi of China.

Jiahua Stores Holdings (HKSE:00602) Headlines

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