XinKong International Capital Holdings (HKSE:00993) LT-Debt-to-Total-Asset : 1.43 (As of Jun. 2024)

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What is XinKong International Capital 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. XinKong International Capital Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 1.43.

XinKong International Capital Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.60) to Jun. 2024 (1.43). It may suggest that XinKong International Capital Holdings is progressively becoming more dependent on debt to grow their business.

XinKong International Capital Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for XinKong International Capital 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.

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XinKong International Capital Holdings LT-Debt-to-Total-Asset Chart

XinKong International Capital Holdings Annual Data

Trend

Apr14

Apr15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.71

0.75

0.93

0.75

0.71

XinKong International Capital Holdings Semi-Annual Data
	Oct14	Apr15	Oct15	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															1.07	0.75	0.60	0.71	1.43

XinKong International Capital Holdings LT-Debt-to-Total-Asset Calculation

XinKong International Capital 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 )
	=	2783.549	/	3918.266
	=	0.71

XinKong International Capital 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 )
	=	3777.067	/	2647.818
	=	1.43

XinKong International Capital Holdings (HKSE:00993) 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.

XinKong International Capital Holdings LT-Debt-to-Total-Asset Related Terms

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XinKong International Capital Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » XinKong International Capital Holdings Ltd (HKSE:00993) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Gloucester Road, 15th Floor, China Huarong Tower, Wanchai, Hong Kong, HKG

Website

http://www.hrif.com.hk

Huarong International Financial Holdings Ltd is a finance company that provides brokerage services on securities, investment banking, futures, and asset management. The company operates through four segments. The securities segment which derives key revenue, is composed of the brokerage and trading of securities, futures and options contracts, and margin financing services. The corporate finance segment provides securities underwriting, sponsoring, and financial advisory services to institutional clients. The asset management and direct investment segment consists of asset management services and direct investments in equities, bonds, funds, and other financial products. The financial services and others segment comprises finance lease services and business consulting services.

Executives

Dong Jufeng
Jia Tianjiang
Ningxia Tianyuan Manganese Industry Group Co., Ltd.
Tian Yuan Manganese Limited
Shinning Rhythm Limited	2106 Person having a security interest in shares
China Tian Yuan Asset Management Limited
China Tian Yuan Manganese Finance (holdings) Limited
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
China Tian Yuan Finance Group (holdings) Limited	2201 Interest of corporation controlled by you
China Tian Yuan International Finance Limited	2201 Interest of corporation controlled by you
Hua Rong Hua Qiao Zi Chan Guan Li You Xian Gong Si	2106 Person having a security interest in shares

XinKong International Capital Holdings Headlines

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