Leader Education (HKSE:01449) LT-Debt-to-Total-Asset : 0.27 (As of Feb. 2024)

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What is Leader Education 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. Leader Education's long-term debt to total assests ratio for the quarter that ended in Feb. 2024 was 0.27.

Leader Education's long-term debt to total assets ratio declined from Feb. 2023 (0.33) to Feb. 2024 (0.27). It may suggest that Leader Education is progressively becoming less dependent on debt to grow their business.

Leader Education LT-Debt-to-Total-Asset Historical Data

The historical data trend for Leader Education'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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Leader Education LT-Debt-to-Total-Asset Chart

Leader Education Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.42

0.39

0.34

0.30

0.26

Leader Education Semi-Annual Data
	Aug17	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.33	0.30	0.33	0.26	0.27

Leader Education LT-Debt-to-Total-Asset Calculation

Leader Education's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	611.636	/	2370.839
	=	0.26

Leader Education's Long-Term Debt to Total Asset Ratio for the quarter that ended in Feb. 2024 is calculated as

LT Debt to Total Assets (Q: Feb. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Feb. 2024 )	/	Total Assets (Q: Feb. 2024 )
	=	678.857	/	2497.614
	=	0.27

Leader Education (HKSE:01449) 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.

Leader Education LT-Debt-to-Total-Asset Related Terms

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Leader Education (HKSE:01449) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Leader Education Ltd (HKSE:01449) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qunying Jie No. 33, Xueyuan Road, Limin Development Zone, Heilongjiang Province, Harbin, CHN, 150025

Website

https://www.hibu.edu.cn

Leader Education Ltd is engaged in providing private higher education services in the People's Republic of China. The school is a degree-granting private formal university-level education institution that offers around 26 undergraduate majors in a wide range of subject areas, including engineering, management, economics, literature, and arts.

Executives

Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Shuren Education Limited	2101 Beneficial owner
Dong Ling	2201 Interest of corporation controlled by you
Liu Laixiang	2202 Interest of your spouse
Junhua Education Limited	2101 Beneficial owner

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