Ulferts International (HKSE:01711) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

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What is Ulferts International 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. Ulferts International's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Ulferts International's long-term debt to total assets ratio declined from Sep. 2023 (0.12) to Sep. 2024 (0.06). It may suggest that Ulferts International is progressively becoming less dependent on debt to grow their business.

Ulferts International LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ulferts International'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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Ulferts International LT-Debt-to-Total-Asset Chart

Ulferts International Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.06

0.14

0.15

0.08

Ulferts International Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.13	0.15	0.12	0.08	0.06

Ulferts International LT-Debt-to-Total-Asset Calculation

Ulferts International's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	10.889	/	145.183
	=	0.08

Ulferts International's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	6.924	/	122.594
	=	0.06

Ulferts International (HKSE:01711) 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.

Ulferts International LT-Debt-to-Total-Asset Related Terms

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Ulferts International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ulferts International Ltd (HKSE:01711) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

288 Hennessy Road, Units 1905-07, 19th Floor, Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.ulferts.com.hk

Ulferts International Ltd is an investment holding company. Through its subsidiaries, the company is engaged in the retail of imported furniture; wholesale of imported furniture, and project sales. Its product offerings include sofabeds, adjustable beds, and other ancillary items such as pillows, mattress toppers, and mattress protectors. Geographically, it derives revenue from Hong Kong.

Executives

Yeung Ching Loong Alexander	2501 Other
First Trust Management Ag	2301 Trustee
Luk Siu Man, Semon	2202 Interest of your spouse
Yeung Sau Shing, Albert	2307 Founder of a discretionary trust who can infl
Albert Yeung Investments Holdings Limited	2201 Interest of corporation controlled by you

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