Asia-express Logistics Holdings (HKSE:08620) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Asia-express Logistics 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. Asia-express Logistics Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Asia-express Logistics Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.07) to Sep. 2024 (0.09). It may suggest that Asia-express Logistics Holdings is progressively becoming more dependent on debt to grow their business.

Asia-express Logistics Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Asia-express Logistics 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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Asia-express Logistics Holdings LT-Debt-to-Total-Asset Chart

Asia-express Logistics Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.09

0.10

0.09

0.07

0.09

Asia-express Logistics 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															0.07	-	0.11	0.09	0.09

Asia-express Logistics Holdings LT-Debt-to-Total-Asset Calculation

Asia-express Logistics 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 )
	=	9.857	/	111.834
	=	0.09

Asia-express Logistics 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 )
	=	10.109	/	113.452
	=

Asia-express Logistics Holdings (HKSE:08620) 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.

Asia-express Logistics Holdings LT-Debt-to-Total-Asset Related Terms

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Asia-express Logistics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asia-express Logistics Holdings Ltd (HKSE:08620) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

38–42 Kwai Fung Crescent, 3rd Floor, Magnet Place Tower 2, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.asia-expresslogs.com

Asia-express Logistics Holdings Ltd is an air cargo ground handling services provider in Hong Kong. The company's air cargo ground handling services cover Air cargo terminal operation; Transportation; Warehousing and other value-added services. It provides services to express carriers; air cargo terminal operators, freight forwarders, and corporates domestically and regionally. The group's operations are mainly located in Hong Kong and the PRC, of which key revenue is generated from Air cargo terminal operation services in Hong Kong.

Executives

3c Holding Limited	2101 Beneficial owner
Diligent City Limited	2101 Beneficial owner
Chan Le Bon	2201 Interest of corporation controlled by you
Choy Wing Hang William	2201 Interest of corporation controlled by you
Leung Song	2202 Interest of your spouse

Asia-express Logistics Holdings Headlines

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