Weiye Holdings (HKSE:01570) LT-Debt-to-Total-Asset : 0.08 (As of Dec. 2023)

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What is Weiye 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. Weiye Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.08.

Weiye Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.08). It may suggest that Weiye Holdings is progressively becoming more dependent on debt to grow their business.

Weiye Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Weiye 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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Weiye Holdings LT-Debt-to-Total-Asset Chart

Weiye Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.07

0.04

0.01

0.08

Weiye Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.02	0.01	0.04	0.08

Weiye Holdings LT-Debt-to-Total-Asset Calculation

Weiye Holdings'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 )
	=	337.927	/	4220.921
	=	0.08

Weiye Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	337.927	/	4220.921
	=	0.08

Weiye Holdings (HKSE:01570) 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.

Weiye Holdings LT-Debt-to-Total-Asset Related Terms

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Weiye Holdings (HKSE:01570) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Weiye Holdings Ltd (HKSE:01570) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Zhengkai Avenue, 19th Floor, Building A, Intersection of Yanqqiao Road, Henan Province, Zhengzhou, CHN

Website

http://www.weiyeholdings.com

Weiye Holdings Ltd is an investment holding company. The company operates in two segments: Property development and Equipment manufacturing. The majority of its revenue comes from the Property development segment, which includes the development and sales of both commercial and residential property units, construction of resettlement houses in the PRC, and the leasing of investment properties to generate rental income and derive capital gains from the investment properties in the long term. The company's geographical segments are China, Singapore, and Others, of which nearly all of its revenue comes from China.

Executives

Ca Indosuez (switzerland) Sa, Singapore Branch	2302 Custodian
Fine Skill Holdings Limited	2101 Beneficial owner
Zhang Wei	2101 Beneficial owner
Chen Zhi Yong

Weiye Holdings (HKSE:01570) Headlines

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