China Fortune Investments (Holding) (STU:NLY5) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2021)

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What is China Fortune Investments (Holding) 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. China Fortune Investments (Holding)'s long-term debt to total assests ratio for the quarter that ended in Jun. 2021 was 0.00.

China Fortune Investments (Holding)'s long-term debt to total assets ratio declined from Jun. 2020 (0.52) to Jun. 2021 (0.00). It may suggest that China Fortune Investments (Holding) is progressively becoming less dependent on debt to grow their business.

China Fortune Investments (Holding) LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Fortune Investments (Holding)'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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China Fortune Investments (Holding) LT-Debt-to-Total-Asset Chart

China Fortune Investments (Holding) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

LT-Debt-to-Total-Asset

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0.34

0.20

0.45

0.56

China Fortune Investments (Holding) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.52	-	-	-	-

China Fortune Investments (Holding) LT-Debt-to-Total-Asset Calculation

China Fortune Investments (Holding)'s Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2020 is calculated as

LT Debt to Total Assets (A: Dec. 2020 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2020 )	/	Total Assets (A: Dec. 2020 )
	=	0	/	17.194
	=	0.00

China Fortune Investments (Holding)'s Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2021 is calculated as

LT Debt to Total Assets (Q: Jun. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2021 )	/	Total Assets (Q: Jun. 2021 )
	=	0	/	14.838
	=	0.00

China Fortune Investments (Holding) (STU:NLY5) 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.

China Fortune Investments (Holding) LT-Debt-to-Total-Asset Related Terms

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China Fortune Investments (Holding) (STU:NLY5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.cfihk.com.hk

China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

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