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Huajin International Holdings (HKSE:02738) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)


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What is Huajin International 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. Huajin International Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Huajin International Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.16) to Dec. 2023 (0.27). It may suggest that Huajin International Holdings is progressively becoming more dependent on debt to grow their business.

Huajin International Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huajin International 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.

* Premium members only.

Huajin International Holdings LT-Debt-to-Total-Asset Chart

Huajin International Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.24 0.16 0.16 0.16 0.27

Huajin International Holdings Semi-Annual Data
Dec13 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.14 0.16 0.22 0.27

Huajin International Holdings LT-Debt-to-Total-Asset Calculation

Huajin International 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 )
=1114.844/4142.879
=0.27

Huajin International Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )=Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )/Total Assets (Q: Dec. 2023 )
=1114.844/4142.879
=0.27

* 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.

Huajin International Holdings  (HKSE:02738) 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.

Huajin International Holdings LT-Debt-to-Total-Asset Related Terms

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Huajin International Holdings (HKSE:02738) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Huajin International Holdings Ltd (HKSE:02738) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:02112 HKSE:08402 HKSE:01203 HKSE:01553 HKSE:00217 HKSE:01118 HKSE:00103 HKSE:01894 HKSE:06890 HKSE:01938 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT NSE:TATASTEEL STLD RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
Xinsha Industrial Zone of Muzhou Town, Xinhui District, Guangdong Province, Jiangmen, CHN
Website
https://www.huajin-hk.com
Huajin International Holdings Ltd is an investment holding company engaged in the cold-rolled steel processing business. It is involved in the processing of hot-rolled steel coils into cold-rolled steel strips, sheets and welded steel tubes, and galvanized steel products. It provides processing, cutting, slitting, warehousing, and delivery services on customized cold-rolled steel products and galvanized steel products. It offers Cold-rolled steel products, Galvanized steel products, Hot-rolled steel products, and others. Its revenue is derived from customers located in the PRC and Southeast Asia, of which the main revenue is generated in the PRC.
Executives
Xu Songqing 2201 Interest of corporation controlled by you
Haiyi Limited 2101 Beneficial owner
Zhong Cheng International Limited 2101 Beneficial owner
Intrend Ventures Limited 2201 Interest of corporation controlled by you
Luo Canwen 2101 Beneficial owner

Huajin International Holdings (HKSE:02738) Headlines

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