Geely Automobile Holdings (HKSE:00175) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2023)

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What is Geely Automobile 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. Geely Automobile Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.04.

Geely Automobile Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.07) to Dec. 2023 (0.04). It may suggest that Geely Automobile Holdings is progressively becoming less dependent on debt to grow their business.

Geely Automobile Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Geely Automobile 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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Geely Automobile Holdings LT-Debt-to-Total-Asset Chart

Geely Automobile Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

0.07

0.04

Geely Automobile Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.06	0.07	0.04	0.04

Geely Automobile Holdings LT-Debt-to-Total-Asset Calculation

Geely Automobile 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 )
	=	8035.532	/	210659.277
	=	0.04

Geely Automobile 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 )
	=	8035.532	/	210659.277
	=	0.04

Geely Automobile Holdings (HKSE:00175) 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.

Geely Automobile Holdings LT-Debt-to-Total-Asset Related Terms

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Geely Automobile Holdings (HKSE:00175) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Geely Automobile Holdings Ltd (HKSE:00175) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

GELYY:USA GELYF:USA 0YZ2:UK GRU:Germany GRU:Austria

Address

23 Harbour Road, Room 2301, 23rd Floor, Great Eagle Centre, Wanchai, Hong Kong, HKG

Website

http://www.geelyauto.com.hk

Based in Hangzhou, Zhejiang province, Geely Automobile Holdings manufactures and sells passenger vehicles and automotive parts. Geely is the largest local brand manufacturer and the third largest passenger vehicle brand in terms of sales volume in China. The firm formed a joint venture with Volvo in 2016 to build cars under the Lynk & Co brand. The new brand targets a young audience with sales and marketing approaches closely resembling those of modern lifestyle brands. Including Lynk & Co, Geely sold about 1.4 million cars in 2022. The domestic market accounts for more than 90% of Geely's revenue, with the rest coming from other parts of the world.

Executives

Li Shu Fu
Zhejiang Geely Automobile Company Limited	2101 Beneficial owner
Zhejiang Geely Holding Group Company Limited

Geely Automobile Holdings (HKSE:00175) Headlines

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