China First Capital Group (HKSE:01269) LT-Debt-to-Total-Asset : 0.23 (As of Jun. 2024)

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What is China First Capital 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. China First Capital Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.23.

China First Capital Group's long-term debt to total assets ratio declined from Jun. 2023 (0.24) to Jun. 2024 (0.23). It may suggest that China First Capital Group is progressively becoming less dependent on debt to grow their business.

China First Capital Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China First Capital 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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China First Capital Group LT-Debt-to-Total-Asset Chart

China First Capital Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.09

0.16

0.21

0.14

0.06

China First Capital Group Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.21	0.24	0.14	0.23	0.06

China First Capital Group LT-Debt-to-Total-Asset Calculation

China First Capital 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 )
	=	426.272	/	3070.574
	=	0.14

China First Capital 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 )
	=	669.361	/	2911.109
	=	0.23

China First Capital Group (HKSE:01269) 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.

China First Capital Group LT-Debt-to-Total-Asset Related Terms

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China First Capital Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China First Capital Group Ltd (HKSE:01269) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

188 Connaught Road West, Unit 913C, 9th Floor, Hong Kong Plaza, Hong Kong, HKG

Website

https://www.cfcg.com.hk

China First Capital Group Ltd is an investment holding company. The company along with its holding sells automobile Shock absorber, and provides financial and advisory services. The company is also involved in the provision of management and consultancy services to educational institutions. The group has three reportable segments: Automotive parts business; Education management and consultation business; and Financial services business. The company earns a majority of its revenue by selling its automotive parts business. The group principally operates in the PRC.

Executives

Guo Ce	2201 Interest of corporation controlled by you
Principal Global Investment Limited	2101 Beneficial owner
Golden Cloud Co., Limited	2201 Interest of corporation controlled by you
Hongkong Chuang Yue Co., Limited	2101 Beneficial owner
Liu Kun	2201 Interest of corporation controlled by you
Shenmane.d Co., Limited	2201 Interest of corporation controlled by you
Sea Wilson	2201 Interest of corporation controlled by you
Wang Lily	2202 Interest of your spouse
Wealth Max Holdings Limited	2101 Beneficial owner
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	2201 Interest of corporation controlled by you
Sze Ka Wo	2501 Other
Zhongyuan Bank Co., Ltd.	2106 Person having a security interest in shares
Bank Of Communications Co., Ltd	2106 Person having a security interest in shares
Champion Sense Global Limited	2106 Person having a security interest in shares

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