MECOM Power and Construction (HKSE:01183) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is MECOM Power and Construction 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. MECOM Power and Construction's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

MECOM Power and Construction's long-term debt to total assets ratio increased from Dec. 2022 (0.00) to Dec. 2023 (0.03). It may suggest that MECOM Power and Construction is progressively becoming more dependent on debt to grow their business.

MECOM Power and Construction LT-Debt-to-Total-Asset Historical Data

The historical data trend for MECOM Power and Construction'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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MECOM Power and Construction LT-Debt-to-Total-Asset Chart

MECOM Power and Construction Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.03

MECOM Power and Construction Semi-Annual Data
	Dec14	Dec15	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												-	-	-	0.04	0.03

MECOM Power and Construction LT-Debt-to-Total-Asset Calculation

MECOM Power and Construction'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 )
	=	31.351	/	1058.894
	=	0.03

MECOM Power and Construction'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 )
	=	31.351	/	1058.894
	=	0.03

MECOM Power and Construction (HKSE:01183) 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.

MECOM Power and Construction LT-Debt-to-Total-Asset Related Terms

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MECOM Power and Construction (HKSE:01183) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » MECOM Power and Construction Ltd (HKSE:01183) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 258 Alameda Dr. Carlos D'Assumpcao, Units Q, R and S, 6th Floor, Kin Fu Kuok, Praca Kin Heng Long-Heng Hoi Kuok, Macau, MAC

Website

http://www.mecommacau.com

MECOM Power and Construction Ltd is an integrated construction engineering contractor and power substations constructor in Macau. The company's segment includes Construction business engages in the provision of construction services, including construction and fitting out works, high voltage power substation construction and its system installation works, E&M engineering services works, and provision of facilities management services; and EV charging business engages in the sale of EV charging systems and subscription fee income. It generates maximum revenue from Construction and fitting out works segment. Geographically, it derives revenue from Macau.

Executives

Lei Kuok Hong	2201 Interest of corporation controlled by you
Chan Sao Ieng	2202 Interest of your spouse
Kuan Chio Man
Macau New Base Investment Company Limited	2101 Beneficial owner
Chan Ka Lai
Kuok Lam Sek
Lam Ka Man
Lam Kuok Wa
Lao Ka Wa
Mecom Holding Limited
Sou Kun Tou
Tam Cho Veng
Wong Fong Peng

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