Kingboard Laminates Holdings (Kingboard Laminates Holdings) LT-Debt-to-Total-Asset : 0.11 (As of Dec. 2023)

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What is Kingboard Laminates 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. Kingboard Laminates Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.11.

Kingboard Laminates Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.17) to Dec. 2023 (0.11). It may suggest that Kingboard Laminates Holdings is progressively becoming less dependent on debt to grow their business.

Kingboard Laminates Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Kingboard Laminates 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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Kingboard Laminates Holdings LT-Debt-to-Total-Asset Chart

Kingboard Laminates Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.01

0.03

0.17

0.11

Kingboard Laminates Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.17	0.16	0.11

Kingboard Laminates Holdings LT-Debt-to-Total-Asset Calculation

Kingboard Laminates Holdings'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 )
	=	344.872	/	3017.092
	=	0.11

Kingboard Laminates Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	344.872	/	3017.092
	=	0.11

Kingboard Laminates Holdings (OTCPK:KGBLY) 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.

Kingboard Laminates Holdings LT-Debt-to-Total-Asset Related Terms

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Kingboard Laminates Holdings (Kingboard Laminates Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kingboard Laminates Holdings Ltd (OTCPK:KGBLY) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

01888:Hong Kong

Address

3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T., Hong Kong, HKG

Website

https://www.kblaminates.com

Kingboard Laminates Holdings Ltd is an electronic materials manufacturer engaged in the production of laminates. The group is organized into three reportable segments that are the manufacturing and sale of laminates, properties, and investments. The laminate segment contributes to the majority of the revenue. The company's products include Glass Epoxy Laminates, Paper Laminates, Upstream Materials, and others. The company operates in China, Asian countries, Europe, and America, out of which China accounts for the majority of the revenue.

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