Sino ICT Holdings (HKSE:00365) LT-Debt-to-Total-Asset : 0.38 (As of Dec. 2023)

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What is Sino ICT 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. Sino ICT Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.38.

Sino ICT Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.39) to Dec. 2023 (0.38). It may suggest that Sino ICT Holdings is progressively becoming less dependent on debt to grow their business.

Sino ICT Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sino ICT 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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Sino ICT Holdings LT-Debt-to-Total-Asset Chart

Sino ICT Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.13

0.39

0.38

Sino ICT Holdings 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															-	0.11	0.39	0.45	0.38

Sino ICT Holdings LT-Debt-to-Total-Asset Calculation

Sino ICT 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 )
	=	365.841	/	960.502
	=	0.38

Sino ICT 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 )
	=	365.841	/	960.502
	=	0.38

Sino ICT Holdings (HKSE:00365) 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.

Sino ICT Holdings LT-Debt-to-Total-Asset Related Terms

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Sino ICT Holdings (HKSE:00365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Sino ICT Holdings Ltd (HKSE:00365) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Tsim Sha Tsui, Unit 02-03, 69th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.sino-ict.com

Sino ICT Holdings Ltd is engaged in the research and development, design, manufacture, and distribution of machinery. The group has two operating segments SMT Equipment Manufacturing and Related Business and Securities Investment Business. The company derives the majority of its revenue from SMT Equipment Manufacturing and Related Business. The company mainly operates in Mainland China and Hong Kong.

Executives

Guang Da Rong Xin Zhu Hai Heng Qin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Gao Shan	2201 Interest of corporation controlled by you
Li Bin	2201 Interest of corporation controlled by you
Bei Jing Zhi Lu Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Zhi Guang Xin Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Guang Da Rong Xin Ke Ji You Xian Gong Si	2201 Interest of corporation controlled by you
Bei Jing Qi Ping Ke Ji You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Zi Guang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Wu Xin	2201 Interest of corporation controlled by you
Da Guang Guo Ji You Xian Gong Si	2101 Beneficial owner
Xin Ding You Xian Gong Si	2501 Other
Zhong Qing Xin Xin Su Zhou Gong Ye Yuan Qu Zi Chan Guan Li You Xian Ze Ren Gong Si	2501 Other
Zhao Shang Yin Xing Gu Fen You Xian Gong Si Shang Hai Zhang Jiang Zhi Xing	2106 Person having a security interest in shares
Xin Xin Rong Zi Zu Lin You Xian Ze Ren Gong Si	2501 Other
Shang Hai Qing Xin Qi Ye Guan Li Zi Xun You Xian Gong Si	2501 Other

Sino ICT Holdings (HKSE:00365) Headlines

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