Ocean Star Technology Group (HKSE:08297) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Ocean Star Technology 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. Ocean Star Technology Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Ocean Star Technology Group's long-term debt to total assets ratio declined from Mar. 2023 (0.06) to Sep. 2024 (0.01). It may suggest that Ocean Star Technology Group is progressively becoming less dependent on debt to grow their business.

Ocean Star Technology Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ocean Star Technology 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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Ocean Star Technology Group LT-Debt-to-Total-Asset Chart

Ocean Star Technology Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.10

0.06

0.07

0.06

0.02

Ocean Star Technology 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															0.06	-	0.03	0.02	0.01

Ocean Star Technology Group LT-Debt-to-Total-Asset Calculation

Ocean Star Technology 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 )
	=	0.929	/	59.38
	=	0.02

Ocean Star Technology 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 )
	=	0.364	/	49.966
	=	0.01

Ocean Star Technology Group (HKSE:08297) 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.

Ocean Star Technology Group LT-Debt-to-Total-Asset Related Terms

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Ocean Star Technology Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Ocean Star Technology Group Ltd (HKSE:08297) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6–8 Hung To Road, 1st Floor, Lok Kui Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.bodibra.com

Ocean Star Technology Group Ltd manufactures, develops, and designs women's lingerie. The company offers bras, bikinis, panties, and other related apparel. It has two segments namely Lingerie products and Others. The company earns maximum revenue from Hong Kong and has a presence in Macau and The PRC.

Executives

Global Succeed Group Limited	2101 Beneficial owner
Chan Lin So Alan	2201 Interest of corporation controlled by you
Yiu Koon Pong	2201 Interest of corporation controlled by you
Li Zhi	2201 Interest of corporation controlled by you

Ocean Star Technology Group Headlines

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