Legendary Education Group (HKSE:08195) LT-Debt-to-Total-Asset : 0.04 (As of Sep. 2024)

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What is Legendary 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. Legendary Education Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.04.

Legendary Education Group's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Sep. 2024 (0.04). It may suggest that Legendary Education Group is progressively becoming more dependent on debt to grow their business.

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

The historical data trend for Legendary 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.

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

Legendary Education Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.20

0.18

0.05

0.03

0.01

Legendary 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															0.03	-	0.02	0.01	0.04

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

Legendary 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 )
	=	3.692	/	434.408
	=	0.01

Legendary 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 )
	=	18.372	/	488.249
	=

Legendary Education Group (HKSE:08195) 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.

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

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Legendary Education Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legendary Education Group Ltd (HKSE:08195) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Tsun Yip Lane, 5/Floor World Interests Building, Kwun Tong, Hong Kong, HKG

Website

https://www.legendaryedu.com

Legendary Education Group Ltd offers superior educational training to clients in Hong Kong and the broader Asian region. The company has six segments which are OEM garments, Retail garments under own and high-end brands, Money lending, Financial Quotient and investment education, Property investment in Asia Pacific, and Private supplementary education. It generates the majority of the revenue from the Financial Quotient and investment education segment.

Executives

Chan Lap Jin Kevin	2101 Beneficial owner
Lui Yu Kin	2101 Beneficial owner
Poon Chi Ming	2101 Beneficial owner
Flying Mortgage Limited	2201 Interest of corporation controlled by you

Legendary Education Group Headlines

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