Target Insurance (Holdings) (HKSE:06161) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2023)

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What is Target Insurance (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. Target Insurance (Holdings)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.00.

Target Insurance (Holdings)'s long-term debt to total assets ratio declined from Dec. 2021 (0.32) to Jun. 2023 (0.00). It may suggest that Target Insurance (Holdings) is progressively becoming less dependent on debt to grow their business.

Target Insurance (Holdings) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Target Insurance (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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Target Insurance (Holdings) LT-Debt-to-Total-Asset Chart

Target Insurance (Holdings) Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.05

0.04

0.08

0.32

9.39

Target Insurance (Holdings) Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial														0.08	0.13	0.32	-	-

Target Insurance (Holdings) LT-Debt-to-Total-Asset Calculation

Target Insurance (Holdings)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	281.946	/	30.034
	=

Target Insurance (Holdings)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	0	/	0
	=

Target Insurance (Holdings) (HKSE:06161) 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.

Target Insurance (Holdings) LT-Debt-to-Total-Asset Related Terms

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Target Insurance (Holdings) (HKSE:06161) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Target Insurance (Holdings) Ltd (HKSE:06161) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

181 Queen’s Road Central, Grand Millennium Plaza, 5th Floor, Low Block, Hong Kong, HKG

Website

http://www.targetinsholdings.com

Target Insurance (Holdings) Ltd is an investment company based in Hong Kong. It is principally engaged in writing motor insurance. The company offers insurance for the taxi, public light bus, and other motor vehicles. Its operating segments are Taxi, Public Light Bus, Other motor vehicles. The company earns revenue in the form of insurance premiums, dividend income, interest income, and others. It generates all of its revenue from Hong Kong.

Target Insurance (Holdings) (HKSE:06161) Headlines

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