Midea Real Estate Holding (HKSE:03990) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2023)

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What is Midea Real Estate Holding 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. Midea Real Estate Holding's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.13.

Midea Real Estate Holding's long-term debt to total assets ratio declined from Dec. 2022 (0.14) to Dec. 2023 (0.13). It may suggest that Midea Real Estate Holding is progressively becoming less dependent on debt to grow their business.

Midea Real Estate Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Midea Real Estate Holding'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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Midea Real Estate Holding LT-Debt-to-Total-Asset Chart

Midea Real Estate Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.16

0.14

0.13

Midea Real Estate Holding Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial										0.14	0.14	0.14	0.14	0.13

Midea Real Estate Holding LT-Debt-to-Total-Asset Calculation

Midea Real Estate Holding'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 )
	=	28305.637	/	220483.078
	=	0.13

Midea Real Estate Holding'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 )
	=	28305.637	/	220483.078
	=	0.13

Midea Real Estate Holding (HKSE:03990) 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.

Midea Real Estate Holding LT-Debt-to-Total-Asset Related Terms

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Midea Real Estate Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Midea Real Estate Holding Ltd (HKSE:03990) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

MR9:Germany

Address

No.1 Chengde Road, 34th Floor, Tower 4, Midea Real Estate Plaza, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

https://www.mideadc.com

Midea Real Estate Holding Ltd is a real estate development company that offers real estate services. It operates through three principal business segments: Property development and sales; Property management services; and Investment and operation of commercial properties. Property development and sales generates most of the revenue.

Executives

He Jianfeng	2202 Interest of your spouse
He Xiangjian	2103 Interests held jointly with another person
Midea Development Holding (bvi) Limited	2101 Beneficial owner
Lu Deyan	2201 Interest of corporation controlled by you
Ya Ge Er Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner

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