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Autostreets Development (HKSE:02443) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)


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What is Autostreets Development 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. Autostreets Development's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Autostreets Development's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.04). It may suggest that Autostreets Development is progressively becoming more dependent on debt to grow their business.

Autostreets Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for Autostreets Development'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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Autostreets Development LT-Debt-to-Total-Asset Chart

Autostreets Development Annual Data
Trend Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
0.09 0.05 0.05

Autostreets Development Semi-Annual Data
Dec21 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset 0.09 0.05 - 0.05 0.04

Autostreets Development LT-Debt-to-Total-Asset Calculation

Autostreets Development'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 )
=58.716/1254.262
=0.05

Autostreets Development'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 )
=50.092/1268.035
=0.04

* 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.

Autostreets Development  (HKSE:02443) 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.

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Autostreets Development Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Autostreets Development Ltd (HKSE:02443) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:02418 HKSE:01268 HKSE:03669 HKSE:00693 HKSE:03836 HKSE:02399 HKSE:06909 HKSE:01293 HKSE:01872 HKSE:01728 CVNA KMX PAG TPE:2207 LAD XBRU:DIE AN GPI ABG VVV
Traded in Other Exchanges
N/A
Address
Zhenbei Road, No. 2251, 6th Floor, Kailong Center, Putuo District, Shanghai, CHN
Website
http://www.autostreets.com
Autostreets Development Ltd is engaged in used vehicle transaction service provider. It connects used vehicle buyers and sellers through its transaction platform in two auction formats, namely online-offline integrated auction and online auction. It had 79 auction sites located in 74 cities and offered offline services in 317 cities across China. It generates all of its revenues from PRC China.
Executives
Guang Hui Qi Che Fu Wu Ji Tuan Gu Fen Gong Si Guang Hui Qi Che Fu Wu Gu Fen Gong Si 2201 Interest of corporation controlled by you
World Key Investment Trading Limited 2101 Beneficial owner
Yang Hansong 2201 Interest of corporation controlled by you
Yang Aihua 2307 Founder of a discretionary trust who can infl
Extensive Prosperous Investments Limited 2101 Beneficial owner
Extensive Success Holding Limited 2201 Interest of corporation controlled by you
Orient Rich Investment Development Limited 2201 Interest of corporation controlled by you
Tmf (cayman) Ltd. 2301 Trustee
Han Zhuoheng 2201 Interest of corporation controlled by you
Zhuoheng Holding Limited 2101 Beneficial owner
China Grand Automotive Services Group Co., Ltd. 2201 Interest of corporation controlled by you
Cox Automotive, Inc. 2201 Interest of corporation controlled by you
Cox Enterprises, Inc. 2201 Interest of corporation controlled by you
Manheim Investments, Inc. 2101 Beneficial owner

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