HKTVY (Hong Kong Technology Venture Co) LT-Debt-to-Total-Asset : 0.09 (As of Jun. 2024)

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What is Hong Kong Technology Venture Co 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. Hong Kong Technology Venture Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.09.

Hong Kong Technology Venture Co's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.09). It may suggest that Hong Kong Technology Venture Co is progressively becoming less dependent on debt to grow their business.

Hong Kong Technology Venture Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hong Kong Technology Venture Co'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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Hong Kong Technology Venture Co LT-Debt-to-Total-Asset Chart

Hong Kong Technology Venture Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.12

0.09

Hong Kong Technology Venture Co Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.11	0.09	0.09	0.09

Hong Kong Technology Venture Co LT-Debt-to-Total-Asset Calculation

Hong Kong Technology Venture Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	41.16	/	443.261
	=	0.09

Hong Kong Technology Venture Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	38.595	/	443.806
	=	0.09

Hong Kong Technology Venture Co (OTCPK:HKTVY) 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.

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Hong Kong Technology Venture Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Hong Kong Technology Venture Co Ltd (OTCPK:HKTVY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01137:Hong Kong XHN1:Germany

Address

No. 1 Chun Cheong Street, HKTV Multimedia and Ecommerce Centre, Tseung Kwan O Industrial Estate, New Territories, Hong Kong, HKG

Website

https://www.hktvmall.com

Hong Kong Technology Venture Co Ltd is included in the business of Ecommerce business which cover end-to end online shopping platform operation (including fulfillment and logistics), multimedia production and other related services; and New venture projects performing research and development activities on technologies, and operating business by adopting the technologies globally; and research, development and provision of technology solutions as a service including end-to-end digital retailing and retail store automation. The company has two reporting segments: Hong Kong Ecommerce business and New Ventures and Technology business, out of which Hong Kong Ecommerce business derives maximum revenue.