CPMC Holdings (HKSE:00906) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

View and export this data going back to 2009. Start your Free Trial

What is CPMC 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. CPMC Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

CPMC Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.02). It may suggest that CPMC Holdings is progressively becoming less dependent on debt to grow their business.

CPMC Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for CPMC 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.

* Premium members only.

CPMC Holdings LT-Debt-to-Total-Asset Chart

CPMC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.22

0.17

0.10

0.02

CPMC Holdings 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															0.10	0.10	0.05	0.02	0.02

CPMC Holdings LT-Debt-to-Total-Asset Calculation

CPMC 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 )
	=	351.117	/	15578.429
	=	0.02

CPMC Holdings'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 )
	=	325.44	/	15485.373
	=	0.02

CPMC Holdings (HKSE:00906) 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.

CPMC Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of CPMC Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

CPMC Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CPMC Holdings Ltd (HKSE:00906) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 160, Weiken Street, Hangzhou Economic and Technical Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.cofco-pack.com

CPMC Holdings Ltd is an investment holding company engaged in the manufacturing and sales of packaging products used for consumer goods such as food, beverages, and household chemical products. The company operates in three segments; Tinplate packaging includes tinplate packaging products, which include, milk powder cans, aerosol cans, metal caps, steel barrels, and other metal packaging, Aluminum packaging includes aluminum packaging products of two-piece beverage cans and one-piece bottles, and Plastic packaging includes plastic packaging products used for milk bottles, shampoo bottles, plastic devices of electronic products, daily use hardware, package printing, sports drink bottles, and related plastic-made products.

Executives

Zhang Wei	2201 Interest of corporation controlled by you
China International Capital Corporation (hong Kong) Limited	2201 Interest of corporation controlled by you
China International Capital Corporation Hong Kong Securities Limited	2106 Person having a security interest in shares
Zhou Yunjie
Shang Hai Yuan Long Tou Zi Kong Gu Ji Tuan You Xian Gong Si
Ao Rui Jin Ke Ji Gu Fen You Xian Gong Si
China Foods (holdings) Limited
Cofco (hong Kong) Limited
Cofco Corporation
Yuanhao Greater China Fund
Wing Lung Bank (trustee) Limited	2301 Trustee

CPMC Holdings Headlines

No Headlines