Man Shing Global Holdings (HKSE:08309) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Man Shing Global 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. Man Shing Global Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

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

Man Shing Global Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Man Shing Global 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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Man Shing Global Holdings LT-Debt-to-Total-Asset Chart

Man Shing Global Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.09

0.06

0.07

0.06

0.02

Man Shing Global Holdings 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	-	0.01	0.02	0.01

Man Shing Global Holdings LT-Debt-to-Total-Asset Calculation

Man Shing Global Holdings'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 )
	=	7.843	/	345.515
	=	0.02

Man Shing Global Holdings'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 )
	=	2.119	/	371.822
	=

Man Shing Global Holdings (HKSE:08309) 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.

Man Shing Global Holdings LT-Debt-to-Total-Asset Related Terms

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Man Shing Global Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Man Shing Global Holdings Ltd (HKSE:08309) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Kin Hong Street, Unit 10, 11th Floor, Trans Asia Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.manshing.com.hk

Man Shing Global Holdings Ltd is an investment holding company, engaged in providing environmental cleaning solutions in Hong Kong. The company's offerings include cleaning services, street cleaning solutions, building cleaning solutions, bus, and ferry cleaning solutions, waste transportation services, pest control services, and sewage treatment services. The company derives revenue from Hong Kong and operates in two segments namely the environmental cleaning services segment which derives the majority of revenue and engages in the provision of street cleanings, building cleaning, bus and ferry cleaning, and other cleaning services, and property management segment comprises the provision of property management services.

Executives

Wong Chong Shing

2103 Interests held jointly with another person

Man Shing Global Holdings Headlines

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