Sheung Yue Group Holdings (HKSE:01633) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Sheung Yue 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. Sheung Yue Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Sheung Yue Group Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.04) to Sep. 2023 (0.01). It may suggest that Sheung Yue Group Holdings is progressively becoming less dependent on debt to grow their business.

Sheung Yue Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sheung Yue 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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Sheung Yue Group Holdings LT-Debt-to-Total-Asset Chart

Sheung Yue Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.03

0.02

Sheung Yue Group Holdings Semi-Annual Data
	Mar14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.03	0.02	0.04	0.02	0.01

Sheung Yue Group Holdings LT-Debt-to-Total-Asset Calculation

Sheung Yue Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	5.165	/	311.886
	=	0.02

Sheung Yue Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	2.746	/	316.301
	=	0.01

Sheung Yue Group Holdings (HKSE:01633) 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.

Sheung Yue Group Holdings LT-Debt-to-Total-Asset Related Terms

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Sheung Yue Group Holdings (HKSE:01633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sheung Yue Group Holdings Ltd (HKSE:01633) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

9 Science Museum Road, Unit 103-105, 1st Floor, New East Ocean Centre, Tsimshatsui East, Kowloon, Hong Kong, HKG

Website

https://www.simonandsons.com.hk

Sheung Yue Group Holdings Ltd provides foundation service in Hong Kong and Macau. It offers piling construction, excavation, and lateral support works, pile cap construction, site formation, and ancillary services. Majority of the revenue is derived from Hong Kong.

Sheung Yue Group Holdings (HKSE:01633) Headlines

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