Green World Hotels Co (ROCO:8077) LT-Debt-to-Total-Asset : 0.62 (As of Mar. 2024)

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What is Green World Hotels 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. Green World Hotels Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.62.

Green World Hotels Co's long-term debt to total assets ratio declined from Mar. 2023 (0.67) to Mar. 2024 (0.62). It may suggest that Green World Hotels Co is progressively becoming less dependent on debt to grow their business.

Green World Hotels Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Green World Hotels 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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Green World Hotels Co LT-Debt-to-Total-Asset Chart

Green World Hotels Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.56

0.63

0.65

0.68

0.62

Green World Hotels Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.67	0.66	0.65	0.62	0.62

Green World Hotels Co LT-Debt-to-Total-Asset Calculation

Green World Hotels 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 )
	=	1907.375	/	3056.07
	=	0.62

Green World Hotels Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1955.979	/	3137.603
	=	0.62

Green World Hotels Co (ROCO:8077) 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.

Green World Hotels Co LT-Debt-to-Total-Asset Related Terms

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Green World Hotels Co (ROCO:8077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Green World Hotels Co Ltd (ROCO:8077) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.69, Section 2, Nanjing East Road, 3rd Floor, Zhongshan District, Taipei, TWN, 104

Website

https://www.greenworldhotels.com

Green World Hotels Co Ltd is engaged in the business activities of Hotels and Restaurants operations. It provides hotel rooms, catering services, leasing, and business management services to customers. The company derives a majority of the revenue from the provision of hotel room service. Some of its hotels are Green World Grand NanJing, Green World Flora, New World Hotel, Green World Linsen, and others.

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