Prosperous Future Holdings (Prosperous Future Holdings) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is Prosperous Future 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. Prosperous Future Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Prosperous Future Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.01) to Dec. 2023 (0.01). It may suggest that Prosperous Future Holdings is progressively becoming more dependent on debt to grow their business.

Prosperous Future Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Prosperous Future 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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Prosperous Future Holdings LT-Debt-to-Total-Asset Chart

Prosperous Future Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

Prosperous Future 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															0.01	-	0.01	0.01	0.01

Prosperous Future Holdings LT-Debt-to-Total-Asset Calculation

Prosperous Future 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 )
	=	0.811	/	103.817
	=	0.01

Prosperous Future 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 )
	=	0.811	/	103.817
	=	0.01

Prosperous Future Holdings (OTCPK:PRFUF) 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.

Prosperous Future Holdings LT-Debt-to-Total-Asset Related Terms

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Prosperous Future Holdings (Prosperous Future Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Prosperous Future Holdings Ltd (OTCPK:PRFUF) » Definitions » LT-Debt-to-Total-Asset

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01259:Hong Kong

Address

Nos. 19-20 Connaught Road Central, 17th floor, Fung House, Central, HKG, 363005

Website

https://www.pfh.hk

Prosperous Future Holdings Ltd is an investment holding company. Its segments include Personal care products, Food and beverage, Financial services, Property holding, and others. It derives a majority of its revenue from the manufacture and sale of skincare, body, and hair care products. Its geographical operations are spread across PRC (excluding Hong Kong); the United Kingdom; the USA: Hong Kong; and Overseas (excluding the USA and United Kingdom).

Prosperous Future Holdings (Prosperous Future Holdings) Headlines

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