Wealthink AI-Innovation Capital (HKSE:01140) LT-Debt-to-Total-Asset : 0.11 (As of Sep. 2023)

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What is Wealthink AI-Innovation Capital 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. Wealthink AI-Innovation Capital's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.11.

Wealthink AI-Innovation Capital's long-term debt to total assets ratio declined from Sep. 2022 (0.13) to Sep. 2023 (0.11). It may suggest that Wealthink AI-Innovation Capital is progressively becoming less dependent on debt to grow their business.

Wealthink AI-Innovation Capital LT-Debt-to-Total-Asset Historical Data

The historical data trend for Wealthink AI-Innovation Capital'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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Wealthink AI-Innovation Capital LT-Debt-to-Total-Asset Chart

Wealthink AI-Innovation Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.12

0.11

0.25

0.11

Wealthink AI-Innovation Capital 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															0.08	0.25	0.13	0.11	0.11

Wealthink AI-Innovation Capital LT-Debt-to-Total-Asset Calculation

Wealthink AI-Innovation Capital'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 )
	=	1293.764	/	11366.205
	=	0.11

Wealthink AI-Innovation Capital'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 )
	=	1191.113	/	11138.466
	=	0.11

Wealthink AI-Innovation Capital (HKSE:01140) 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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Wealthink AI-Innovation Capital (HKSE:01140) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Wealthink AI-Innovation Capital Ltd (HKSE:01140) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

183 Queen’s Road Central, Room 3910-13, 39th Floor, COSCO Building, New Era Plaza, Hong Kong, HKG

Website

https://www.1140.com.hk

Wealthink AI-Innovation Capital Ltd Formerly Wealthking Investments Ltd is an investment company. Its investment objective is to achieve earnings in the form of medium to long-term capital appreciation through investing in a diversified portfolio of global investments in listed and unlisted enterprises. The majority of the company's revenue comprises dividend income from unlisted investments, interest income, and other income. Geographically, it derives maximum revenue from Hong Kong and also has a presence in Mainland China and the United States of America.

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