Shun Tak Holdings (Shun Tak Holdings) LT-Debt-to-Total-Asset : 0.22 (As of Dec. 2023)

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What is Shun Tak 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. Shun Tak Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.22.

Shun Tak Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.21) to Dec. 2023 (0.22). It may suggest that Shun Tak Holdings is progressively becoming more dependent on debt to grow their business.

Shun Tak Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shun Tak 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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Shun Tak Holdings LT-Debt-to-Total-Asset Chart

Shun Tak Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.12

0.25

0.27

0.21

0.22

Shun Tak 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															0.27	0.27	0.21	0.24	0.22

Shun Tak Holdings LT-Debt-to-Total-Asset Calculation

Shun Tak 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 )
	=	1489.335	/	6635.471
	=	0.22

Shun Tak 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 )
	=	1489.335	/	6635.471
	=	0.22

Shun Tak Holdings (OTCPK:SHTGF) 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.

Shun Tak Holdings LT-Debt-to-Total-Asset Related Terms

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Shun Tak Holdings (Shun Tak Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shun Tak Holdings Ltd (OTCPK:SHTGF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

00242:Hong Kong XUN:Germany XUN:Germany

Address

200 Connaught Road Central, Penthouse 39th Floor, West Tower, Shun Tak Centre, Hong Kong, HKG

Website

https://www.shuntakgroup.com

Shun Tak Holdings Ltd is a provider of multiple lines of services predominantly in Macau. Its main business is that of property development, contributing the majority of its revenue. Shun Tak's property segment covers commercial, residential, and retail property spaces. It operates through the following business segments: Property, Transportation, Hospitality, and Investment. The Property segment includes property development and sales, leasing, and management services. The Transportation segment provides passenger transportation services. The Hospitality segment performs hotel operations, hotel management, and travel agency services. The Investment segment involves investment holding and others.

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