Grand Ming Group Holdings (HKSE:01271) LT-Debt-to-Total-Asset : 0.50 (As of Sep. 2024)

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What is Grand Ming Group 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. Grand Ming Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.50.

Grand Ming Group Holdings's long-term debt to total assets ratio increased from Sep. 2023 (0.50) to Sep. 2024 (0.50). It may suggest that Grand Ming Group Holdings is progressively becoming more dependent on debt to grow their business.

Grand Ming Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings LT-Debt-to-Total-Asset Chart

Grand Ming Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.38

0.15

0.47

0.45

Grand Ming Group Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.47	0.47	0.50	0.45	0.50

Grand Ming Group Holdings LT-Debt-to-Total-Asset Calculation

Grand Ming Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	4220.666	/	9386.245
	=	0.45

Grand Ming Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4730.623	/	9527.504
	=	0.50

Grand Ming Group Holdings (HKSE:01271) 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.

Grand Ming Group Holdings LT-Debt-to-Total-Asset Related Terms

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Grand Ming Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. Through its subsidiaries, the company is principally engaged in building construction, property leasing, and property development. Its reportable segments are; Construction, which involves constructing residential buildings, commercial buildings, and data centres; Property leasing which engages in the leasing of data centres and commercial shops; and the Property development segment which is involved in the development and sale of properties. Maximum revenue is generated from the Construction segment. Geographically, all of the company's revenue is generated from its customers in Hong Kong.

Executives

Lau Cw Company Limited	2101 Beneficial owner
Lau Chi Wah	2101 Beneficial owner
Cheung Shuk Fong	2202 Interest of your spouse
Xu Chujia	2201 Interest of corporation controlled by you
Banco Well Link, S.a.	2106 Person having a security interest in shares
Well Link Holdings Limited	2201 Interest of corporation controlled by you
Chan Hm Company Limited	2101 Beneficial owner
Chan Hung Ming	2201 Interest of corporation controlled by you

Grand Ming Group Holdings Headlines

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