Ever Glory United Holdings (SGX:ZKX) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2023)

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What is Ever Glory United 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. Ever Glory United Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.02.

Ever Glory United Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.03) to Dec. 2023 (0.02). It may suggest that Ever Glory United Holdings is progressively becoming less dependent on debt to grow their business.

Ever Glory United Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ever Glory United 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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Ever Glory United Holdings LT-Debt-to-Total-Asset Chart

Ever Glory United Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.07

0.01

0.03

0.02

Ever Glory United Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial			0.01	-	0.03	0.02	0.02

Ever Glory United Holdings LT-Debt-to-Total-Asset Calculation

Ever Glory United 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 )
	=	0.474	/	24.901
	=	0.02

Ever Glory United 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 )
	=	0.474	/	24.901
	=	0.02

Ever Glory United Holdings (SGX:ZKX) 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.

Ever Glory United Holdings LT-Debt-to-Total-Asset Related Terms

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Ever Glory United Holdings (SGX:ZKX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ever Glory United Holdings Ltd (SGX:ZKX) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Little Road, No. 03-01 CRF Building, Singapore, SGP, 536982

Website

Ever Glory United Holdings Ltd is a Singapore-based M&E engineering service provider specializing in providing a wide range of M&E engineering services. Its services involve projects in both public and private sectors, such as the development or redevelopment of HDB residential flats, private residential properties, private schools, mixed-use properties, commercial buildings, or industrial buildings. It provides M&E engineering services as either an NSC or a DSC. The company specializes in the following areas of M&E engineering services: ACMV systems; electrical engineering systems; FP systems; PSG systems; and IBS.

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