Honbridge Holdings (HKSE:08137) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Honbridge 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. Honbridge Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Honbridge Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.02) to Dec. 2023 (0.02). It may suggest that Honbridge Holdings is progressively becoming less dependent on debt to grow their business.

Honbridge Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Honbridge 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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Honbridge Holdings LT-Debt-to-Total-Asset Chart

Honbridge Holdings Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

Honbridge Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.02	-	0.02

Honbridge Holdings LT-Debt-to-Total-Asset Calculation

Honbridge 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 )
	=	129.199	/	7956.082
	=	0.02

Honbridge 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 )
	=	129.199	/	7956.082
	=	0.02

Honbridge Holdings (HKSE:08137) 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.

Honbridge Holdings LT-Debt-to-Total-Asset Related Terms

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Honbridge Holdings (HKSE:08137) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Honbridge Holdings Ltd (HKSE:08137) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

18 Harbour Road, Unit 5402, 54th Floor, Central Plaza, Wanchai, Hong Kong, HKG

Website

https://www.8137.hk

Honbridge Holdings Ltd is a Hong Kong-based company mainly involved in mineral resources exploration and lithium battery production. The company reports in four segments that are Mineral resources exploration and trading, which includes research and exploration of mineral resources and trading of copper and steel; Lithium battery production, which is into production and sale of lithium battery; Battery swapping service which provides a set of power exchange services and Online car-hailing and related services segment. The vast majority of the revenue is generated from the Lithium battery production segment. The company operates in China, Belgium, and Sweden, out of which China accounts for the majority of the revenue.

Honbridge Holdings (HKSE:08137) Headlines

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