Central Development Holdings (HKSE:00475) LT-Debt-to-Total-Asset : 0.60 (As of Sep. 2023)

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What is Central Development 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. Central Development Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.60.

Central Development Holdings's long-term debt to total assets ratio increased from Sep. 2022 (0.56) to Sep. 2023 (0.60). It may suggest that Central Development Holdings is progressively becoming more dependent on debt to grow their business.

Central Development Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Central Development 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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Central Development Holdings LT-Debt-to-Total-Asset Chart

Central Development Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.58

0.64

0.56

0.58

0.57

Central Development Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.53	0.58	0.56	0.57	0.60

Central Development Holdings LT-Debt-to-Total-Asset Calculation

Central Development Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	146.876	/	256.015
	=	0.57

Central Development Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	155.609	/	259.355
	=	0.60

Central Development Holdings (HKSE:00475) 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.

Central Development Holdings LT-Debt-to-Total-Asset Related Terms

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Central Development Holdings (HKSE:00475) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Central Development Holdings Ltd (HKSE:00475) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, Room 2202, 22nd Floor, Wanchai, Chinachem Century Tower, Hong Kong, HKG

Website

http://www.475hk.com

Central Development Holdings Ltd is principally engaged in the Jewelry business and Solar energy business segments. The Jewelry business segment involves the wholesale of jewelry. Its Solar Energy business segment includes manufacturing and sales of solar cooling intelligent technology products using thermal cooling-stored pipes and sales of solar photovoltaic modules and components and provision of energy efficiency analysis and technology improvement advisory services on solar energy projects. The company generates maximum revenue from Liquefied natural gas (LNG) geographically, it derives a majority of its revenue from PRC.

Executives

Zhang Bing
Hu Yangjun	2101 Beneficial owner
Zhang Qi	2202 Interest of your spouse
Zhang Bing	2101 Beneficial owner
Resources Rich Capital Limited
Hu Yishi
Lin Min,mindy

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