Future Bright Mining Holdings (HKSE:02212) LT-Debt-to-Total-Asset : 0.28 (As of Jun. 2024)

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What is Future Bright Mining 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. Future Bright Mining Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.28.

Future Bright Mining Holdings's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.28). It may suggest that Future Bright Mining Holdings is progressively becoming more dependent on debt to grow their business.

Future Bright Mining Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Future Bright Mining 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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Future Bright Mining Holdings LT-Debt-to-Total-Asset Chart

Future Bright Mining Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.42

0.30

Future Bright Mining Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.42	0.28	0.30

Future Bright Mining Holdings LT-Debt-to-Total-Asset Calculation

Future Bright Mining 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 )
	=	63.575	/	150.776
	=	0.42

Future Bright Mining 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 )
	=	50.283	/	179.83
	=	0.28

Future Bright Mining Holdings (HKSE:02212) 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.

Future Bright Mining Holdings LT-Debt-to-Total-Asset Related Terms

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Future Bright Mining Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Future Bright Mining Holdings Ltd (HKSE:02212) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 207 Shuijing Avenue, Chengguan Town, Nanzhang County, Hubei Province, Xiangyang, CHN

Website

http://www.futurebrightltd.com

Future Bright Mining Holdings Ltd is a marble mining company. It has been focusing on developing the Yiduoyan Project, which is an open-pit mine located in the Hubei Province of the PRC. The company operates in two segments, namely the Marble Block segment, which supplies marble blocks mainly for further processing, construction, or trading; and the Commodity Trading segment, which conducts the trading business of commodities. It derives revenue from the Commodity trading segment. All of its revenue is derived from Mainland China.

Executives

Golden Convergence Holdings Group Limited	2101 Beneficial owner
Golden Convergence Investment Limited	2201 Interest of corporation controlled by you
Wu Yan Nancy	2201 Interest of corporation controlled by you
Sun Hailong	2101 Beneficial owner
Zhang Caihong	2202 Interest of your spouse
Zhong Ke Jiu Tai Resources Use Technology Holdings Company Limited	2201 Interest of corporation controlled by you
Zhong Ke Jiu Tai Technology Group Limited	2101 Beneficial owner
Li Yuguo	2201 Interest of corporation controlled by you
Ge Limin	2101 Beneficial owner

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