Daohe Global Group (HKSE:00915) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Daohe Global Group 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. Daohe Global Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Daohe Global Group's long-term debt to total assets ratio declined from Jun. 2023 (0.04) to Jun. 2024 (0.01). It may suggest that Daohe Global Group is progressively becoming less dependent on debt to grow their business.

Daohe Global Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Daohe Global Group'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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Daohe Global Group LT-Debt-to-Total-Asset Chart

Daohe Global Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.04

0.01

0.03

0.02

Daohe Global Group Semi-Annual Data
	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	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	0.03	0.04	0.02	0.01

Daohe Global Group LT-Debt-to-Total-Asset Calculation

Daohe Global Group'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 )
	=	4.42	/	229.733
	=	0.02

Daohe Global Group'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 )
	=	2.281	/	224.303
	=	0.01

Daohe Global Group (HKSE:00915) 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.

Daohe Global Group LT-Debt-to-Total-Asset Related Terms

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Daohe Global Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Daohe Global Group Ltd (HKSE:00915) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

1 Sheung Yuet Road, 6th Floor, YHC Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.daoheglobal.com.hk

Daohe Global Group Ltd is an investment holding company. The company along with its subsidiaries engages in the sale of merchandise, hard goods, provision of procurement and value-added services operating in North America, Europe and other regions. Its business is organized into the segments of Trading and supply chain management services; and the Operation of the online social platform. Its primary business activity involves the design, purchase, and sale of garments, fashion accessories, bathroom products, glassware, toy and luggage. It earns prime revenue from China.

Executives

Zhou Xijian	2201 Interest of corporation controlled by you
Tsang Chun Ho Anthony	2101 Beneficial owner

Daohe Global Group Headlines

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