Goldway Education Group (HKSE:08160) LT-Debt-to-Total-Asset : 0.06 (As of Sep. 2024)

View and export this data going back to 2016. Start your Free Trial

What is Goldway Education Group 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. Goldway Education Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.06.

Goldway Education Group's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Sep. 2024 (0.06). It may suggest that Goldway Education Group is progressively becoming less dependent on debt to grow their business.

Goldway Education Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Goldway Education Group'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.

Goldway Education Group LT-Debt-to-Total-Asset Chart

Goldway Education Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.10

0.04

0.06

0.13

0.12

Goldway Education Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.13	-	0.11	0.12	0.06

Goldway Education Group LT-Debt-to-Total-Asset Calculation

Goldway Education Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	7.356	/	62.196
	=	0.12

Goldway Education Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4.525	/	71.919
	=

Goldway Education Group (HKSE:08160) 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.

Goldway Education Group LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Goldway Education Group's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Goldway Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Goldway Education Group Ltd (HKSE:08160) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Goodrich Shopping Arcade, Shop B10, 1st Floor, Tuen Mun, New Territories, Hong Kong, HKG

Website

http://www.goldwayedugp.com

Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services, franchising services, and management services in Hong Kong and the People's Republic of China (PRC). The group provides private tutoring services including primary and secondary tutoring services under the trade name of Logic Tutorial Centre and Pedagog Education Centre. Geographically it operates in Hong Kong and The PRC with the majority of revenue generated from The PRC.

Executives

Wealthy View Investment Holdings Limited	2101 Beneficial owner
Ip Sin Nam Ingrid	2201 Interest of corporation controlled by you
Rainbow Kingdom Limited	2101 Beneficial owner
Tao Wah Wai Calvin	2201 Interest of corporation controlled by you
Greet Harmony Global Limited	2101 Beneficial owner

Goldway Education Group Headlines

No Headlines