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BetterLife Holding (HKSE:06909) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)


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What is BetterLife 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. BetterLife Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

BetterLife Holding's long-term debt to total assets ratio increased from Jun. 2023 (0.05) to Jun. 2024 (0.05). It may suggest that BetterLife Holding is progressively becoming more dependent on debt to grow their business.

BetterLife Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for BetterLife 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.

* Premium members only.

BetterLife Holding LT-Debt-to-Total-Asset Chart

BetterLife Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.04 0.04 0.05 0.06 0.05

BetterLife Holding Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.05 0.06 0.05 0.05

BetterLife Holding LT-Debt-to-Total-Asset Calculation

BetterLife 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 )
=281.36/5154.512
=0.05

BetterLife Holding'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 )
=251.001/5185.666
=0.05

* 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.

BetterLife Holding  (HKSE:06909) 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.

BetterLife Holding LT-Debt-to-Total-Asset Related Terms

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BetterLife Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BetterLife Holding Ltd (HKSE:06909) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01130 HKSE:01728 HKSE:01293 HKSE:02399 HKSE:00970 HKSE:01959 HKSE:01771 HKSE:08123 HKSE:08283 HKSE:08126 CVNA KMX TPE:2207 PAG XBRU:DIE LAD AN GPI TSE:4732 VVV
Traded in Other Exchanges
N/A
Address
No. 1 Donghuan North Road, Beijing Economic and Technological Development Area, Beijing, CHN
Website
https://www.blchina.com
BetterLife Holding Ltd is an automobile dealership service provider in China focusing on luxury and ultra-luxury brands. The company operates dealership stores for the brands Porsche, Mercedes-Benz, BMW, Audi, Bentley, Jaguar-Land Rover, and Volvo. It offers a comprehensive range of automobile-related products and services, including the sale of automobiles consisting of mainly imported and domestically manufactured petroleum models, after-sales services which consist of repair and maintenance services, the sale of accessories and other automobile-related products, insurance agency services and automobile license plate registration services, and it also provides other automobile-related value-added services like automobile financing and pre-owned automobile brokerage services.
Executives
Chou Patrick Hsiao-po 2101 Beneficial owner
Red Dynasty Investments Limited 2101 Beneficial owner
Butterfield Trust (asia) Limited 2301 Trustee
Chou Patrick Hsiao-po 2101 Beneficial owner
Chou Dynasty Holding Co., Ltd 2101 Beneficial owner
Credit Suisse Trust Limited 2101 Beneficial owner
Xingtai Capital Management Limited 2102 Investment manager

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