Somerley Capital Holdings (HKSE:08439) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2023)

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What is Somerley Capital 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. Somerley Capital Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.01.

Somerley Capital Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.05) to Sep. 2023 (0.01). It may suggest that Somerley Capital Holdings is progressively becoming less dependent on debt to grow their business.

Somerley Capital Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Somerley Capital 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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Somerley Capital Holdings LT-Debt-to-Total-Asset Chart

Somerley Capital Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.03

0.01

0.07

0.03

Somerley Capital 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															0.05	-	0.03	-	0.01

Somerley Capital Holdings LT-Debt-to-Total-Asset Calculation

Somerley Capital 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 )
	=	3.164	/	100.634
	=	0.03

Somerley Capital 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 )
	=	0.929	/	92.97
	=	0.01

Somerley Capital Holdings (HKSE:08439) 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.

Somerley Capital Holdings LT-Debt-to-Total-Asset Related Terms

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Somerley Capital Holdings (HKSE:08439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Somerley Capital Holdings Ltd (HKSE:08439) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Queen's Road Central, 20th Floor, China Building, Central, Hong Kong, HKG

Website

https://www.somerleycapital.com

Somerley Capital Holdings Ltd is engaged in the provision of financial advisory services to listed companies, spin-offs, reorganizations and sponsors to initial public offerings and listings of shares of companies on the stock exchange in Hong Kong. Its segments include Corporate finance advisory service and Asset management service. It derives the majority of the revenue from Corporate Finance Advisory services.

Executives

Fletcher Jacqueline
Fletcher John Wilfred Sword
Sabine Martin Nevil
Sabine Maureen Alice
Somerley Group Limited
Cheung Tei Sing Jamie	2101 Beneficial owner
Choi Helen Oi Yan

Somerley Capital Holdings (HKSE:08439) Headlines

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