Changsha Broad Homes Industrial Group Co (HKSE:02163) LT-Debt-to-Total-Asset : 0.16 (As of Jun. 2024)

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What is Changsha Broad Homes Industrial Group Co 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. Changsha Broad Homes Industrial Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.16.

Changsha Broad Homes Industrial Group Co's long-term debt to total assets ratio increased from Jun. 2023 (0.08) to Jun. 2024 (0.16). It may suggest that Changsha Broad Homes Industrial Group Co is progressively becoming more dependent on debt to grow their business.

Changsha Broad Homes Industrial Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changsha Broad Homes Industrial Group Co'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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Changsha Broad Homes Industrial Group Co LT-Debt-to-Total-Asset Chart

Changsha Broad Homes Industrial Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.11

0.18

0.11

0.12

Changsha Broad Homes Industrial Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.17	0.11	0.08	0.12	0.16

Changsha Broad Homes Industrial Group Co LT-Debt-to-Total-Asset Calculation

Changsha Broad Homes Industrial Group Co'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 )
	=	1156.861	/	9495.737
	=	0.12

Changsha Broad Homes Industrial Group Co'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 )
	=	1366.41	/	8697.599
	=	0.16

Changsha Broad Homes Industrial Group Co (HKSE:02163) 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.

Changsha Broad Homes Industrial Group Co LT-Debt-to-Total-Asset Related Terms

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Changsha Broad Homes Industrial Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Changsha Broad Homes Industrial Group Co Ltd (HKSE:02163) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 248, Yinshuang Road, Yuelu District, Hunan Province, Changsha, CHN

Website

http://www.bhome.com.cn

Changsha Broad Homes Industrial Group Co Ltd is involved in the construction industry in China. The business activities of the group are conducted through four segments namely PC unit manufacturing business, Modular Integrated Products Manufacturing, Digital EPC, and PC equipment manufacturing business. PC Unit Manufacturing segment derives revenue from the design, manufacturing, and sale of PC units. Geographically, it generates revenue from China.

Executives

Zhang Jian	2202 Interest of your spouse
Li Richard	2201 Interest of corporation controlled by you
Olp Capital Management Limited	2102 Investment manager
Rcwl Inc.	2201 Interest of corporation controlled by you
Shen Di Fan	2201 Interest of corporation controlled by you
Ubs Group Ag	2201 Interest of corporation controlled by you
Franchise Fund Lp	2101 Beneficial owner
Hu Nan Xiang Jiang Xin Qu Fa Zhan Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Chang Sha Xiang Jiang Zi Chan Guan Li You Xian Gong Si	2305 Beneficiary of a trust
Massachusetts Institute Of Technology	2201 Interest of corporation controlled by you

Changsha Broad Homes Industrial Group Co Headlines

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