Chen Lin Education Group Holdings (HKSE:01593) LT-Debt-to-Total-Asset : 0.37 (As of Aug. 2024)

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What is Chen Lin Education 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. Chen Lin Education Group Holdings's long-term debt to total assests ratio for the quarter that ended in Aug. 2024 was 0.37.

Chen Lin Education Group Holdings's long-term debt to total assets ratio declined from Aug. 2023 (0.37) to Aug. 2024 (0.37). It may suggest that Chen Lin Education Group Holdings is progressively becoming less dependent on debt to grow their business.

Chen Lin Education Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chen Lin Education 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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Chen Lin Education Group Holdings LT-Debt-to-Total-Asset Chart

Chen Lin Education Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Aug22

Aug23

Aug24

LT-Debt-to-Total-Asset

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0.22

0.27

0.31

0.37

Chen Lin Education Group Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Feb22	Aug22	Feb23	Aug23	Feb24	Aug24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.31	0.32	0.37	0.38	0.37

Chen Lin Education Group Holdings LT-Debt-to-Total-Asset Calculation

Chen Lin Education Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (A: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2024 )	/	Total Assets (A: Aug. 2024 )
	=	1800.185	/	4876.974
	=	0.37

Chen Lin Education Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2024 is calculated as

LT Debt to Total Assets (Q: Aug. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2024 )	/	Total Assets (Q: Aug. 2024 )
	=	1800.185	/	4876.974
	=	0.37

Chen Lin Education Group Holdings (HKSE:01593) 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.

Chen Lin Education Group Holdings LT-Debt-to-Total-Asset Related Terms

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Chen Lin Education Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Chen Lin Education Group Holdings Ltd (HKSE:01593) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 001, Xinjian Lianfu Dadao, Jiangxi, Nanchang, CHN

Website

http://www.chenlin-edu.com

Chen Lin Education Group Holdings Ltd is engaged in the provision of private tertiary education services in the PRC. The group derives revenue from Tuition fees, Boarding fees, Internship management fees, Tutoring and program management services, and others.

Executives

Huang Yulin	2201 Interest of corporation controlled by you
Huangyulin Holdings Limited	2101 Beneficial owner
Wang Li

Chen Lin Education Group Holdings Headlines

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