China Lesso Group Holdings (HKSE:02128) LT-Debt-to-Total-Asset : 0.22 (As of Jun. 2024)

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What is China Lesso 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. China Lesso Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.22.

China Lesso Group Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.25) to Jun. 2024 (0.22). It may suggest that China Lesso Group Holdings is progressively becoming less dependent on debt to grow their business.

China Lesso Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Lesso 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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China Lesso Group Holdings LT-Debt-to-Total-Asset Chart

China Lesso Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.19

0.23

0.16

China Lesso Group Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	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															0.22	0.23	0.25	0.16	0.22

China Lesso Group Holdings LT-Debt-to-Total-Asset Calculation

China Lesso Group 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 )
	=	10799.614	/	65660.936
	=	0.16

China Lesso Group Holdings'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 )
	=	14363.502	/	64154.266
	=	0.22

China Lesso Group Holdings (HKSE:02128) 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.

China Lesso Group Holdings LT-Debt-to-Total-Asset Related Terms

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China Lesso Group Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Lesso Group Holdings Ltd (HKSE:02128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liansu Industrial Estate, Longjiang Town, Shunde District, Foshan, CHN, 528318

Website

https://www.lesso.com

China Lesso Group Holdings Ltd is engaged in the manufacturing and selling of piping and building materials in Mainland China. The company provides high-quality products and services such as plastic piping, building materials, and home improvement, new energy, environmental protection, and operates a supply chain service platform. It has three segments Southern China, including Guangdong Province, Guangxi Zhuang Autonomous Region, Hunan Province, Fujian Province, and Hainan Province; Other than Southern China, including regions in China other than Southern China; and Outside China.

Executives

Ubs Trustees (b.v.i.) Limited	2301 Trustee
New Fortune Star Limited	2101 Beneficial owner
Wong Luen Hei	2307 Founder of a discretionary trust who can infl
Zuo Xiaoping	2305 Beneficiary of a trust
Xi Xi Development Limited	2201 Interest of corporation controlled by you

China Lesso Group Holdings Headlines

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