Convenience Retail Asia (HKSE:00831) LT-Debt-to-Total-Asset : 0.10 (As of Jun. 2024)

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What is Convenience Retail Asia 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. Convenience Retail Asia's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.10.

Convenience Retail Asia's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.10). It may suggest that Convenience Retail Asia is progressively becoming less dependent on debt to grow their business.

Convenience Retail Asia LT-Debt-to-Total-Asset Historical Data

The historical data trend for Convenience Retail Asia'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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Convenience Retail Asia LT-Debt-to-Total-Asset Chart

Convenience Retail Asia Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.09

0.10

0.09

Convenience Retail Asia Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.10	0.10	0.10	0.09

Convenience Retail Asia LT-Debt-to-Total-Asset Calculation

Convenience Retail Asia'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 )
	=	129.337	/	1286.088
	=	0.10

Convenience Retail Asia'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 )
	=	118.125	/	1226.834
	=	0.10

Convenience Retail Asia (HKSE:00831) 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.

Convenience Retail Asia LT-Debt-to-Total-Asset Related Terms

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Convenience Retail Asia Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Convenience Retail Asia Ltd (HKSE:00831) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 On Ping Street, 15th Floor, LiFung Centre, Siu Lek Yuen, Shatin, New Territories, Hong Kong, HKG

Website

https://www.cr-asia.com

Convenience Retail Asia Ltd is an investment holding company. The company operates in two segments namely, Bakery and Eyewear Businesses. The majority of its revenue comes from the Bakery segment, which comprises of sale of bakery and festival products. The Eyewear business segment includes the sale of eyewear products. The company's geographical segments are Hong Kong and Mainland China.

Executives

Aggregate Of Abrdn Plc Affiliated Investment Management Entities	2102 Investment manager
Abrdn Asia Focus Plc	2101 Beneficial owner
Fung Kwok Lun William	2101 Beneficial owner
Fil Limited	2201 Interest of corporation controlled by you
Pandanus Associates Inc.	2201 Interest of corporation controlled by you
Pandanus Partners L.p.	2201 Interest of corporation controlled by you
Fung Wing Yee, Sabrina
Fung Kwok King, Victor
Aggregate Of Standard Life Aberdeen Plc Affiliated Investment Management Entities	2102 Investment manager
Aberdeen Standard Asia Focus Plc	2101 Beneficial owner
Aberdeen Asian Income Fund Limited	2101 Beneficial owner
Fidelity China Special Situations Plc	2101 Beneficial owner

Convenience Retail Asia Headlines

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