Grace Wine Holdings (HKSE:08146) LT-Debt-to-Total-Asset : 0.13 (As of Jun. 2024)

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What is Grace Wine 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. Grace Wine Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.13.

Grace Wine Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Jun. 2024 (0.13). It may suggest that Grace Wine Holdings is progressively becoming more dependent on debt to grow their business.

Grace Wine Holdings LT-Debt-to-Total-Asset Historical Data

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

Grace Wine Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.06

0.11

Grace Wine Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	0.06	-	0.11	0.13

Grace Wine Holdings LT-Debt-to-Total-Asset Calculation

Grace Wine 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 )
	=	38.153	/	362.256
	=	0.11

Grace Wine Holdings'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 )
	=	47.724	/	359.377
	=

Grace Wine Holdings (HKSE:08146) 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.

Grace Wine Holdings LT-Debt-to-Total-Asset Related Terms

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Grace Wine Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Grace Wine Holdings Ltd (HKSE:08146) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 20 Westlands Road, Unit 2304, 23rd Floor, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.gracewine.com.hk

Grace Wine Holdings Ltd is a China-based company engaged in the Winemaking business. Its wine product portfolio includes higher-end wine and entry-level wine. It offers Red wine, White and Sparkling wine, and Rose wine. The company mainly engaged in two reporting segments, namely the production of wines; and the production of spirits. The majority of revenue derives from the production of the wine segment. Geographically the group mainly operates in the PRC.

Executives

Chan Chun Keung	2202 Interest of your spouse
Wong Shu Ying	2101 Beneficial owner
Macmillan Equity Limited	2101 Beneficial owner
Chan Judy	2201 Interest of corporation controlled by you
Ting Tan Ming	2101 Beneficial owner
Palgrave Enterprises Limited	2101 Beneficial owner

Grace Wine Holdings Headlines

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