China International Development (HKSE:00264) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is China International Development 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 International Development's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

China International Development's long-term debt to total assets ratio declined from Dec. 2022 (0.65) to Dec. 2023 (0.50). It may suggest that China International Development is progressively becoming less dependent on debt to grow their business.

China International Development LT-Debt-to-Total-Asset Historical Data

The historical data trend for China International Development'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 International Development LT-Debt-to-Total-Asset Chart

China International Development Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.16

0.33

0.65

0.50

China International Development Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	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															0.33	0.32	0.65	0.90	0.50

China International Development LT-Debt-to-Total-Asset Calculation

China International Development'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 )
	=	6.975	/	14.033
	=	0.50

China International Development'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 )
	=	6.975	/	14.033
	=	0.50

China International Development (HKSE:00264) 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 International Development LT-Debt-to-Total-Asset Related Terms

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China International Development (HKSE:00264) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » China International Development Corp Ltd (HKSE:00264) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Queen’s Road Central, Level 26, Hong Kong, HKG

Website

http://www.irasia.com/listco/hk/cidc/index.htm

China International Development Corp Ltd is engaged in the business of leather products. The company is involved in the manufacturing and distribution of leather products and retail of fashion apparel, footwear, and leather accessories, and industrial hemp planting and production of hemp fabric products. It operates in two segments namely, Leather Manufacturing segment and Leather Retail segment. The Leather Manufacturing segment involves the manufacturing and distribution of leather products. The Leather Retail segment engages in the retail of fashion apparel, footwear, and leather accessories. The company has its operations in Hong Kong, Europe, the PRC, the United States of America and other countries.

Executives

Waterfront Holding Group Co., Ltd.	2101 Beneficial owner
Zhao Jingfei	2201 Interest of corporation controlled by you

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