Grand Brilliance Group Holdings (HKSE:08372) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Grand Brilliance Group 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. Grand Brilliance Group Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Grand Brilliance Group Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.02) to Sep. 2023 (0.00). It may suggest that Grand Brilliance Group Holdings is progressively becoming less dependent on debt to grow their business.

Grand Brilliance Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Grand Brilliance Group 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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Grand Brilliance Group Holdings LT-Debt-to-Total-Asset Chart

Grand Brilliance Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.02

0.01

Grand Brilliance Group Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	-	0.01	-	-

Grand Brilliance Group Holdings LT-Debt-to-Total-Asset Calculation

Grand Brilliance Group Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	0.688	/	115.248
	=	0.01

Grand Brilliance Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	0	/	111.824
	=	0.00

Grand Brilliance Group Holdings (HKSE:08372) 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.

Grand Brilliance Group Holdings LT-Debt-to-Total-Asset Related Terms

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Grand Brilliance Group Holdings (HKSE:08372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Grand Brilliance Group Holdings Ltd (HKSE:08372) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, The Octagon, Units 2901-2903 and 2905, 29th Floor, New Territories, Tsuen Wan, Hong Kong, HKG

Website

http://www.grandbrilliancegroup.com

Grand Brilliance Group Holdings Ltd is an investment holding. The company is engaged in the business of medical device distribution. The company also provides one-stop medical device solutions, including market trend analysis, sourcing of medical devices, after-sale services, technical support, and training services, medical device leasing services, and quality assurance. Geographically, the company derives revenue from Hong Kong. The company serves private hospitals, public hospitals, private clinics, non-profit organizations, universities, and individual end-users in Hong Kong.

Executives

Miu Yin Shun Andrew	2202 Interest of your spouse
Wong Bik Kwan Bikie	2101 Beneficial owner
B&a Success Limited	2101 Beneficial owner

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