China Chunlai Education Group Co (HKSE:01969) LT-Debt-to-Total-Asset : 0.11 (As of Aug. 2023)

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What is China Chunlai Education Group Co 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. China Chunlai Education Group Co's long-term debt to total assests ratio for the quarter that ended in Aug. 2023 was 0.11.

China Chunlai Education Group Co's long-term debt to total assets ratio increased from Aug. 2022 (0.06) to Aug. 2023 (0.11). It may suggest that China Chunlai Education Group Co is progressively becoming more dependent on debt to grow their business.

China Chunlai Education Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Chunlai Education Group Co'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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China Chunlai Education Group Co LT-Debt-to-Total-Asset Chart

China Chunlai Education Group Co Annual Data

Trend

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

LT-Debt-to-Total-Asset

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0.07

0.13

0.15

0.06

0.11

China Chunlai Education Group Co Semi-Annual Data
	Aug15	Aug16	Feb17	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial												0.11	0.06	0.08	0.11	-

China Chunlai Education Group Co LT-Debt-to-Total-Asset Calculation

China Chunlai Education Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (A: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Aug. 2023 )	/	Total Assets (A: Aug. 2023 )
	=	790.514	/	6972.478
	=	0.11

China Chunlai Education Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Aug. 2023 is calculated as

LT Debt to Total Assets (Q: Aug. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Aug. 2023 )	/	Total Assets (Q: Aug. 2023 )
	=	790.514	/	6972.478
	=	0.11

China Chunlai Education Group Co (HKSE:01969) 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.

China Chunlai Education Group Co LT-Debt-to-Total-Asset Related Terms

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China Chunlai Education Group Co (HKSE:01969) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » China Chunlai Education Group Co Ltd (HKSE:01969) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 66, Beihai East Road, Henan Province, Shangqiu, CHN, 476000

Website

https://www.chunlaiedu.com

China Chunlai Education Group Co Ltd is an investment holding company. The company through its subsidiaries is engaged in the operation of private higher education institutions. It generates revenue from tuition fees and Boarding fees. Geographically, it derives revenue from China.

Executives

Hou Junyu	2201 Interest of corporation controlled by you
Chunlai Investment Co., Ltd.	2101 Beneficial owner
Xiang Rong International Limited	2101 Beneficial owner

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