New World Department Store China (New World Department Store China) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2023)

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What is New World Department Store China 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. New World Department Store China's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.23.

New World Department Store China's long-term debt to total assets ratio declined from Dec. 2022 (0.25) to Dec. 2023 (0.23). It may suggest that New World Department Store China is progressively becoming less dependent on debt to grow their business.

New World Department Store China LT-Debt-to-Total-Asset Historical Data

The historical data trend for New World Department Store China'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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New World Department Store China LT-Debt-to-Total-Asset Chart

New World Department Store China Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.29

0.31

0.26

0.23

New World Department Store China 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															0.28	0.26	0.25	0.23	0.23

New World Department Store China LT-Debt-to-Total-Asset Calculation

New World Department Store China's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	319.279	/	1377.673
	=	0.23

New World Department Store China'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 )
	=	319.227	/	1399.454
	=	0.23

New World Department Store China (OTCPK:NWRLY) 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.

New World Department Store China LT-Debt-to-Total-Asset Related Terms

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New World Department Store China (New World Department Store China) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » New World Department Store China Ltd (OTCPK:NWRLY) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00825:Hong Kong NWM:Germany

Address

88 Hing Fat Street, 7th Floor, Causeway Bay, Hong Kong, HKG

Website

https://www.nwds.com.hk

New World Department Store China Ltd owns and operates department stores and shopping malls in the Peoples Republic of China. The company operates through two segments namely Department stores and Property Investment business. The company generates maximum revenue from the Department store segment. Revenue is predominantly generated in Mainland China and important operating assets of the group are in Mainland China.

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