Virtual Mind Holding Co (HKSE:01520) LT-Debt-to-Total-Asset : 0.01 (As of Jun. 2024)

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What is Virtual Mind Holding Co 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. Virtual Mind Holding Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.01.

Virtual Mind Holding Co's long-term debt to total assets ratio declined from Jun. 2023 (0.10) to Jun. 2024 (0.01). It may suggest that Virtual Mind Holding Co is progressively becoming less dependent on debt to grow their business.

Virtual Mind Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Virtual Mind Holding Co'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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Virtual Mind Holding Co LT-Debt-to-Total-Asset Chart

Virtual Mind Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.09

0.12

Virtual Mind Holding Co 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															0.07	0.09	0.10	0.12	0.01

Virtual Mind Holding Co LT-Debt-to-Total-Asset Calculation

Virtual Mind Holding Co'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 )
	=	26.425	/	214.185
	=	0.12

Virtual Mind Holding Co'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 )
	=	1.403	/	247.425
	=	0.01

Virtual Mind Holding Co (HKSE:01520) 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.

Virtual Mind Holding Co LT-Debt-to-Total-Asset Related Terms

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Virtual Mind Holding Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Virtual Mind Holding Co Ltd (HKSE:01520) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

538 Castle Peak Road, Room 2511-15, 25 Floor, Peninsula Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.vmh.com.hk

Virtual Mind Holding Co Ltd is engaged in designing, manufacturing, and trading apparel; provision of money lending business, namely money lending operation; selling of gaming and animated characters related products, namely IP application and products operation. It offers women's fashion outerwear such as coats and jackets, dresses, activewear, and pants. Majority of the revenue is generated from the Design, manufacture, and trading of the apparel segment. Geographically, it derives the majority of its revenue from The PRC and also has a presence in Hong Kong and The USA.

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