Ni Hsin Group Bhd (XKLS:7215) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Ni Hsin Group Bhd 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. Ni Hsin Group Bhd's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Ni Hsin Group Bhd's long-term debt to total assets ratio increased from Dec. 2023 (0.02) to Dec. 2024 (0.05). It may suggest that Ni Hsin Group Bhd is progressively becoming more dependent on debt to grow their business.

Ni Hsin Group Bhd LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ni Hsin Group Bhd'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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Ni Hsin Group Bhd LT-Debt-to-Total-Asset Chart

Ni Hsin Group Bhd Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.02

0.05

Ni Hsin Group Bhd Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.02	0.02	0.03	0.05

Ni Hsin Group Bhd LT-Debt-to-Total-Asset Calculation

Ni Hsin Group Bhd's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	5.734	/	110.06
	=	0.05

Ni Hsin Group Bhd's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	5.734	/	110.06
	=	0.05

Ni Hsin Group Bhd (XKLS:7215) 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.

Ni Hsin Group Bhd LT-Debt-to-Total-Asset Related Terms

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Ni Hsin Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ni Hsin Group Bhd (XKLS:7215) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

7215PA.PFD:Malaysia

Address

45, Jalan Taming Dua, Taman Taming Jaya, Seri Kembangan, SGR, MYS, 43300

Website

https://www.ni-hsin.com

Ni Hsin Group Bhd is a manufacturer of premium stainless-steel multi-ply cookware in Malaysia. The business of the company is organized into the following product segments, Cookware, Stainless-steel products, Food and beverages, Logistics services, and Electric vehicles. The products manufactured and sold under the cookware segment include premium multi-ply stainless steel cookware and pressure cookers which are sold locally and exported overseas.

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