GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » LT-Debt-to-Total-Asset

Able Engineering Holdings (HKSE:01627) LT-Debt-to-Total-Asset : 0.10 (As of Sep. 2023)


View and export this data going back to 2017. Start your Free Trial

What is Able Engineering 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. Able Engineering Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.10.

Able Engineering Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.14) to Sep. 2023 (0.10). It may suggest that Able Engineering Holdings is progressively becoming less dependent on debt to grow their business.

Able Engineering Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Able Engineering 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.

* Premium members only.

Able Engineering Holdings LT-Debt-to-Total-Asset Chart

Able Engineering Holdings Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 0.16 0.12 0.11

Able Engineering Holdings Semi-Annual Data
Mar14 Mar15 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.17 0.12 0.14 0.11 0.10

Able Engineering Holdings LT-Debt-to-Total-Asset Calculation

Able Engineering 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 )
=483.5/4626.481
=0.10

Able Engineering 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 )
=483.5/4920.347
=0.10

* 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.

Able Engineering Holdings  (HKSE:01627) 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.

Able Engineering Holdings LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Able Engineering Holdings's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Able Engineering Holdings (HKSE:01627) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Able Engineering Holdings Ltd (HKSE:01627) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01283 HKSE:01741 HKSE:03928 HKSE:01870 HKSE:08316 HKSE:01301 HKSE:00896 HKSE:00711 HKSE:00924 HKSE:01783 XPAR:DG NSE:LT SHSE:601668 PWR SHSE:601390 J TSX:WSP HKSE:01800 SHSE:601186 XKRX:028260
Traded in Other Exchanges
N/A
Address
No. 155 Waterloo Road, Kowloon Tong, Kowloon, Hong Kong, HKG
Website
https://www.ableeng.com.hk
Able Engineering Holdings Ltd is engaged in building construction and repair, maintenance, alteration, and addition (RMAA) . The company is engaged in the construction and renovation of residential buildings, the design and construction of government facilities, skeleton fabrication, school reconstruction, public rental housing construction, and public housing construction. The company's projects include Project A9 in Kowloon City, project A10 in Tai Lam, project A11 in Ho Man Tin, project A12 in Repulse Bay, and others. Geographically, it derives revenue from Hong Kong.
Executives
Golden Lux Holdings Limited 2101 Beneficial owner
Golden More Limited 2201 Interest of corporation controlled by you
Cheng Wai Chun 2202 Interest of your spouse
Ngai Chun Hung 2201 Interest of corporation controlled by you
Fame Yield International Limited 2201 Interest of corporation controlled by you

Able Engineering Holdings (HKSE:01627) Headlines

No Headlines