China Oral Industry Group Holdings (HKSE:08406) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2023)

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What is China Oral Industry Group 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. China Oral Industry Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.05.

China Oral Industry Group Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.05). It may suggest that China Oral Industry Group Holdings is progressively becoming less dependent on debt to grow their business.

China Oral Industry Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Oral Industry Group 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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China Oral Industry Group Holdings LT-Debt-to-Total-Asset Chart

China Oral Industry Group Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.10

0.08

0.06

0.05

China Oral Industry Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	-	0.05	-	0.05

China Oral Industry Group Holdings LT-Debt-to-Total-Asset Calculation

China Oral Industry Group 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 )
	=	10.183	/	201.009
	=	0.05

China Oral Industry Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10.183	/	201.009
	=	0.05

China Oral Industry Group Holdings (HKSE:08406) 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 Oral Industry Group Holdings LT-Debt-to-Total-Asset Related Terms

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China Oral Industry Group Holdings (HKSE:08406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Oral Industry Group Holdings Ltd (HKSE:08406) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

348 Kwun Tong Road, 5th floor, Manulife Place, Kowloon, Hong Kong, HKG

Website

https://www.chinaoral.co

China Oral Industry Group Holdings Ltd is principally engaged in the manufacturing and sales of inflatable products and related accessories. Some of its products are air blowers, mini inflatable playgrounds, inflatable tents, inflatable ball pools, polyvinyl chloride (PVC) laminated oxford, plastic nails, and other accessories. The company generates revenue from customers located in China, Europe, Australia and Oceania, North America, Asia, and Central and South America.

Executives

Risen Thrive Limited	2101 Beneficial owner
Yan Ping	2201 Interest of corporation controlled by you

China Oral Industry Group Holdings (HKSE:08406) Headlines

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