CHTC Fong's International Co (HKSE:00641) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is CHTC Fong's International 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. CHTC Fong's International Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

CHTC Fong's International Co's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.08). It may suggest that CHTC Fong's International Co is progressively becoming more dependent on debt to grow their business.

CHTC Fong's International Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CHTC Fong's International 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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CHTC Fong's International Co LT-Debt-to-Total-Asset Chart

CHTC Fong's International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

CHTC Fong's International Co 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															-	-	-	0.03	0.08

CHTC Fong's International Co LT-Debt-to-Total-Asset Calculation

CHTC Fong's International 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 )
	=	85.978	/	3449.021
	=	0.02

CHTC Fong's International Co'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 )
	=	274.876	/	3472.407
	=	0.08

CHTC Fong's International Co (HKSE:00641) 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.

CHTC Fong's International Co LT-Debt-to-Total-Asset Related Terms

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CHTC Fong's International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHTC Fong's International Co Ltd (HKSE:00641) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1018 Tai Nan West Street, Orient International Tower, Units 2201 & 2203, Kwai Chung, Hong Kong, HKG

Website

https://www.fongs.com

CHTC Fong's International Co Ltd is engaged in the manufacture and sale of dyeing and finishing machines, the manufacture and sale of stainless steel casting products, and the trading of stainless steel supplies. The group through its subsidiaries operates in three reportable segments which include the Manufacture and sale of dyeing and finishing machines; the Trading of stainless steel supplies; and Manufacture and sale of stainless steel casting products. Its business activity functions through various geographical regions which include China, Hong Kong, the Asia-Pacific, Europe, North America, South America, and others. It generates the majority of the company revenues from the dyeing and finishing machines segment.

Executives

China Hi-tech Holding Company Limited	2201 Interest of corporation controlled by you
Zhong Guo Ji Xie Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Heng Tian Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
East Asia International Trustees Limited	2201 Interest of corporation controlled by you
Black Jambhala Company Limited	2101 Beneficial owner
Fong Sou Lam	2307 Founder of a discretionary trust who can infl
Fong Kwok Leung Kevin	2305 Beneficiary of a trust

CHTC Fong's International Co Headlines

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