Sun Art Retail Group (Sun Art Retail Group) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2023)

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What is Sun Art Retail Group 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. Sun Art Retail Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.09.

Sun Art Retail Group's long-term debt to total assets ratio increased from Sep. 2022 (0.09) to Sep. 2023 (0.09). It may suggest that Sun Art Retail Group is progressively becoming more dependent on debt to grow their business.

Sun Art Retail Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sun Art Retail Group'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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Sun Art Retail Group LT-Debt-to-Total-Asset Chart

Sun Art Retail Group Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.14

0.13

0.11

0.09

Sun Art Retail Group Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.10	0.09	0.09	0.09	0.09

Sun Art Retail Group LT-Debt-to-Total-Asset Calculation

Sun Art Retail Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	793.655	/	9304.735
	=	0.09

Sun Art Retail Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	800.504	/	8941.339
	=	0.09

Sun Art Retail Group (OTCPK:SURRF) 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.

Sun Art Retail Group LT-Debt-to-Total-Asset Related Terms

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Sun Art Retail Group (Sun Art Retail Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sun Art Retail Group Ltd (OTCPK:SURRF) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SURRY:USA 06808:Hong Kong SRI:Germany

Address

183 Queen’s Road East, Level 54, Hopewell Centre, Hong Kong, HKG

Website

https://www.sunartretail.com

Sun Art Retail Group Ltd is a hypermarket operator in China. As of 2019, the company had 491 hypermarket complexes under two banners: Auchan and RT-Mart, with a total gross floor area of 13.68 million square meters. Sun Art operates its business with hypermarkets, superstores, and mini stores under RT-Super and RT-Mini.

Sun Art Retail Group (Sun Art Retail Group) Headlines

From GuruFocus

Matthews China Fund Comments on Sun Art Retail Group Ltd

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