Hong Kong Shanghai Alliance Holdings (HKSE:01001) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2023)

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What is Hong Kong Shanghai Alliance 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. Hong Kong Shanghai Alliance Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.15.

Hong Kong Shanghai Alliance Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.24) to Sep. 2023 (0.15). It may suggest that Hong Kong Shanghai Alliance Holdings is progressively becoming less dependent on debt to grow their business.

Hong Kong Shanghai Alliance Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hong Kong Shanghai Alliance 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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Hong Kong Shanghai Alliance Holdings LT-Debt-to-Total-Asset Chart

Hong Kong Shanghai Alliance Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.24

0.31

0.26

0.23

0.02

Hong Kong Shanghai Alliance Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.23	0.24	0.02	0.15

Hong Kong Shanghai Alliance Holdings LT-Debt-to-Total-Asset Calculation

Hong Kong Shanghai Alliance Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	64.668	/	2957.421
	=	0.02

Hong Kong Shanghai Alliance Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	426.471	/	2796.552
	=	0.15

Hong Kong Shanghai Alliance Holdings (HKSE:01001) 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.

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Hong Kong Shanghai Alliance Holdings (HKSE:01001) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hong Kong Shanghai Alliance Holdings Ltd (HKSE:01001) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

41 Lockhart Road, East Town Building, Rooms 1103-05, 11th Floor, Wanchai, Hong Kong, HKG

Website

https://www.hkshalliance.com

Hong Kong Shanghai Alliance Holdings Ltd is an investment holding company. The company along with its subsidiaries is engaged in the distribution and processing of construction materials such as steel products; trading of sanitary wares and kitchen cabinets; and property investment and fund management businesses. The company's segment includes Steels Distribution and Processing Business; Building Products Distribution Business and Property Investment and Fund Management Business. The company generates maximum revenue from the Steels Distribution and Processing Business segment. Geographically the group has a presence in Hong Kong and Mainland China, of which key revenue is generated from Hong Kong.

Executives

Perfect Capital International Corp.	2101 Beneficial owner
Huge Top Industrial Ltd.	2101 Beneficial owner
Yao Cho Fai Andrew	2101 Beneficial owner

Hong Kong Shanghai Alliance Holdings (HKSE:01001) Headlines

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