Planetree International Development (HKSE:00613) LT-Debt-to-Total-Asset : 0.12 (As of Jun. 2024)

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What is Planetree International Development 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. Planetree International Development's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.12.

Planetree International Development's long-term debt to total assets ratio increased from Jun. 2023 (0.11) to Jun. 2024 (0.12). It may suggest that Planetree International Development is progressively becoming more dependent on debt to grow their business.

Planetree International Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Planetree International Development'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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Planetree International Development LT-Debt-to-Total-Asset Chart

Planetree International Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.12

0.11

Planetree International Development 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															0.11	0.11	0.11	0.11	0.12

Planetree International Development LT-Debt-to-Total-Asset Calculation

Planetree International Development'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 )
	=	242.995	/	2184.428
	=	0.11

Planetree International Development'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 )
	=	243.897	/	2019.639
	=	0.12

Planetree International Development (HKSE:00613) 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.

Planetree International Development LT-Debt-to-Total-Asset Related Terms

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Planetree International Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Planetree International Development Ltd (HKSE:00613) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Marble Road, North Point, 8th Floor, China United Centre, Hong Kong, HKG

Website

https://www.planetreeintl.com

Planetree International Development Ltd is a Hong Kong-based investment holding company engaged in diversified businesses. Its segments are Financial services; Credit and lending services; Other financial services segment; Property investment and leasing segment; and Tactical and strategic investment segment. It derives the majority of its revenue from the Financial Services segment which engages in the provision of dealing in securities, margin financing services, dealing in futures contracts, advising on corporate finance, and asset management services with Type 1, Type 2, Type 6, Type 8 and Type 9 licenses granted under the SFO.

Executives

Future Capital Group Limited	2101 Beneficial owner
Lo Ki Yan Karen	2201 Interest of corporation controlled by you

Planetree International Development Headlines

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