Flydoo Technology Holding (HKSE:08069) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2023)

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What is Flydoo Technology 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. Flydoo Technology Holding's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.05.

Flydoo Technology Holding's long-term debt to total assets ratio declined from Sep. 2022 (0.07) to Sep. 2023 (0.05). It may suggest that Flydoo Technology Holding is progressively becoming less dependent on debt to grow their business.

Flydoo Technology Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Flydoo Technology 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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Flydoo Technology Holding LT-Debt-to-Total-Asset Chart

Flydoo Technology Holding Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.05

0.44

0.07

Flydoo Technology Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.07	-	0.07	-	0.05

Flydoo Technology Holding LT-Debt-to-Total-Asset Calculation

Flydoo Technology Holding's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	9.817	/	132.696
	=	0.07

Flydoo Technology Holding's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	6.659	/	134.731
	=	0.05

Flydoo Technology Holding (HKSE:08069) 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.

Flydoo Technology Holding LT-Debt-to-Total-Asset Related Terms

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Flydoo Technology Holding (HKSE:08069) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Flydoo Technology Holding Ltd (HKSE:08069) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Canton Road, Unit 706-8, 7th Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.flydoo.com.hk

Flydoo Technology Holding Ltd is a travel agency in Hong Kong. It designs, develops and sells package tour and adjacent products such as air tickets and hotel accommodations.

Executives

Chan Suk Mei	2201 Interest of corporation controlled by you
Yuen Sze Keung	2201 Interest of corporation controlled by you
Zong Heng You Tou Zi Kong Gu You Xian Gong Si	2101 Beneficial owner

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