Luen Thai Holdings (HKSE:00311) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2024)

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What is Luen Thai 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. Luen Thai Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.04.

Luen Thai Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.05) to Jun. 2024 (0.04). It may suggest that Luen Thai Holdings is progressively becoming less dependent on debt to grow their business.

Luen Thai Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Luen Thai 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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Luen Thai Holdings LT-Debt-to-Total-Asset Chart

Luen Thai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.06

0.05

0.04

Luen Thai Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.05	0.04	0.04

Luen Thai Holdings LT-Debt-to-Total-Asset Calculation

Luen Thai 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 )
	=	159.992	/	3709.632
	=	0.04

Luen Thai Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	151.569	/	4001.586
	=	0.04

Luen Thai Holdings (HKSE:00311) 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.

Luen Thai Holdings LT-Debt-to-Total-Asset Related Terms

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Luen Thai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luen Thai Holdings Ltd (HKSE:00311) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Hung To Road, Rooms 1001-1005, 10th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www2.luenthai.com

Luen Thai Holdings Ltd is engaged in the manufacturing and trading of apparel and accessories. The company has a diverse product range that includes Fashion and Sleepwear, Sports Active Wear, Sweaters and Outerwear, Casual Knits and Woven Wear, and Accessories. It derives revenue mainly from sales of apparel and accessories. Its revenue is mainly derived from customers located in the United States of America, the PRC, Europe, Canada, and Japan, while the company's business activities are conducted predominantly in Hong Kong, Macao, the PRC, the Philippines, Cambodia, the United States, and Myanmar.

Executives

Dong Fang Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo Sheng Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Fang Zhi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tan Chiu Joise	2202 Interest of your spouse
Tan Henry	2201 Interest of corporation controlled by you
Double Joy Investments Limited	2101 Beneficial owner

Luen Thai Holdings Headlines

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