SmarTone Telecommunications Holdings (HKSE:00315) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is SmarTone Telecommunications 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. SmarTone Telecommunications Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

SmarTone Telecommunications Holdings's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.03). It may suggest that SmarTone Telecommunications Holdings is progressively becoming more dependent on debt to grow their business.

SmarTone Telecommunications Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for SmarTone Telecommunications 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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SmarTone Telecommunications Holdings LT-Debt-to-Total-Asset Chart

SmarTone Telecommunications Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

LT-Debt-to-Total-Asset

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0.19

0.18

0.03

SmarTone Telecommunications 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															0.14	0.03	0.03	0.03	0.03

SmarTone Telecommunications Holdings LT-Debt-to-Total-Asset Calculation

SmarTone Telecommunications Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (A: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jun. 2023 )	/	Total Assets (A: Jun. 2023 )
	=	318.706	/	10898.943
	=	0.03

SmarTone Telecommunications 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 )
	=	324.752	/	10721.69
	=	0.03

SmarTone Telecommunications Holdings (HKSE:00315) 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.

SmarTone Telecommunications Holdings LT-Debt-to-Total-Asset Related Terms

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SmarTone Telecommunications Holdings (HKSE:00315) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » SmarTone Telecommunications Holdings Ltd (HKSE:00315) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

SMA:Germany

Address

378 Kwun Tong Road, 31st Floor, Millennium City 2, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.smartoneholdings.com

SmarTone Telecommunications Holdings Ltd provides mobile and broadband services for household and corporate customers. The majority of overall company revenue comes from selling handsets and associated accessories. Most of the group's customers are post-paid. The company operates through two main segments, Hong Kong and Macau, with Hong Kong representing the majority of revenue. SmarTone Telecommunications owns telecommunications infrastructure.

Executives

Sun Hung Kai Properties Limited
Hsbc Trustee (c.i.) Limited	2301 Trustee

SmarTone Telecommunications Holdings (HKSE:00315) Headlines

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