Shanghai Gench Education Group (HKSE:01525) LT-Debt-to-Total-Asset : 0.22 (As of Jun. 2024)

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What is Shanghai Gench Education 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. Shanghai Gench Education Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.22.

Shanghai Gench Education Group's long-term debt to total assets ratio declined from Jun. 2023 (0.22) to Jun. 2024 (0.22). It may suggest that Shanghai Gench Education Group is progressively becoming less dependent on debt to grow their business.

Shanghai Gench Education Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Gench Education 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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Shanghai Gench Education Group LT-Debt-to-Total-Asset Chart

Shanghai Gench Education Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.21

0.23

0.21

0.18

Shanghai Gench Education Group Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.26	0.21	0.22	0.18	0.22

Shanghai Gench Education Group LT-Debt-to-Total-Asset Calculation

Shanghai Gench Education 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 )
	=	752.55	/	4159.096
	=	0.18

Shanghai Gench Education 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 )
	=	818.631	/	3736.625
	=	0.22

Shanghai Gench Education Group (HKSE:01525) 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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Shanghai Gench Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Shanghai Gench Education Group Ltd (HKSE:01525) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1111, Huchenghuan Road, Pudong New Area, Shanghai, CHN

Website

http://www.genchedugroup.com

Shanghai Gench Education Group Ltd and its subsidiaries are engaged in providing undergraduate education and junior college educations. The group generates its revenue from tuition fees, boarding fees, and other education-related services. Geographically, the company generates all of its revenue from the People's Republic of China.

Executives

Everone (hong Kong) Company Limited	2101 Beneficial owner
Zhou Xingzeng
Zheng Xiangzhan
Ai Xin Limited	2101 Beneficial owner
Zhao Donghui	2201 Interest of corporation controlled by you
Changjiu Industrial Group Co., Ltd.	2201 Interest of corporation controlled by you
Fwin Limited	2101 Beneficial owner
Hangzhou Changqi Enterprise Management Consulting Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Shanghai Jiuhao Enterprise Management Consulting Co., Ltd.	2201 Interest of corporation controlled by you
Ze Ren Limited	2101 Beneficial owner
Xia Men Guo Mao Jiao Yu Ji Tuan You Xian Gong Si	2101 Beneficial owner

Shanghai Gench Education Group Headlines

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