Scholar Education Group (HKSE:01769) LT-Debt-to-Total-Asset : 0.14 (As of Jun. 2024)

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What is Scholar 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. Scholar Education Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.14.

Scholar Education Group's long-term debt to total assets ratio increased from Jun. 2023 (0.12) to Jun. 2024 (0.14). It may suggest that Scholar Education Group is progressively becoming more dependent on debt to grow their business.

Scholar Education Group LT-Debt-to-Total-Asset Historical Data

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

Scholar Education Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.26

0.29

0.16

0.11

0.12

Scholar 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										0.15	0.11	0.12	0.12	0.14

Scholar Education Group LT-Debt-to-Total-Asset Calculation

Scholar 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 )
	=	135.832	/	1130.109
	=	0.12

Scholar 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 )
	=	177.756	/	1253.623
	=	0.14

Scholar Education Group (HKSE:01769) 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.

Scholar Education Group LT-Debt-to-Total-Asset Related Terms

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Scholar Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Scholar Education Group (HKSE:01769) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Youyi Road, Rooms 401-410, 4th Floor, Yunfeng Garden, Jianan Community, Nanhu Street, Luohu District, Shenzhen, CHN, 518049

Website

https://www.skledu.com

Scholar Education Group is a China-based investment holding company. The Company is principally engaged in the provision of after school education services through academic preparation program and early primary education program. The academic preparation program is delivered under Sheng Xue brand, and the early primary education program is delivered under Le Xue brand. The Company principally conducts its businesses in Guangdong, China.

Executives

The Bank Of New York Mellon Corporation	2201 Interest of corporation controlled by you
Yu Xi International Company Limited	2201 Interest of corporation controlled by you
Chen Qiyuan	2201 Interest of corporation controlled by you
Sky Noon International Company Limited	2101 Beneficial owner
China Great Wall Amc (international) Holdings Company Limited	2201 Interest of corporation controlled by you
China Resources Company Limited	2201 Interest of corporation controlled by you
Cre Alliance Fund I L.p.	2201 Interest of corporation controlled by you
Chen Hongyu	2101 Beneficial owner
China Resources Enterprise, Limited	2201 Interest of corporation controlled by you
China Resources Inc.	2201 Interest of corporation controlled by you
Crc Bluesky Limited	2201 Interest of corporation controlled by you
Cre Alliance (bvi) Limited	2201 Interest of corporation controlled by you
Cre Alliance (cayman) Limited	2201 Interest of corporation controlled by you
Cre Alliance Fund I Lp Limited	2201 Interest of corporation controlled by you
Cre Glory Company Limited	2101 Beneficial owner

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