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Ten Pao Group Holdings (HKSE:01979) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)


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What is Ten Pao Group 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. Ten Pao Group Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

Ten Pao Group Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.06) to Dec. 2023 (0.01). It may suggest that Ten Pao Group Holdings is progressively becoming less dependent on debt to grow their business.

Ten Pao Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ten Pao Group 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.

Ten Pao Group Holdings LT-Debt-to-Total-Asset Chart

Ten Pao Group Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.02 0.03 0.06 0.06 0.01

Ten Pao Group Holdings Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 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 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 Premium Member Only 0.06 0.07 0.06 0.03 0.01

Ten Pao Group Holdings LT-Debt-to-Total-Asset Calculation

Ten Pao Group 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 )
=48.959/4319.552
=0.01

Ten Pao Group 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 )
=48.959/4319.552
=0.01

* 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.

Ten Pao Group Holdings  (HKSE:01979) 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.

Ten Pao Group Holdings LT-Debt-to-Total-Asset Related Terms

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Ten Pao Group Holdings (HKSE:01979) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ten Pao Group Holdings Ltd (HKSE:01979) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01868 HKSE:08328 HKSE:06908 HKSE:02188 HKSE:08132 HKSE:01399 HKSE:00842 HKSE:01710 HKSE:01539 HKSE:00725 SZSE:300750 XSWX:ABBN BKK:DELTA TSE:6503 XPAR:LR SZSE:300124 SZSE:300274 XKRX:247540 HUBB VRT
Traded in Other Exchanges
N/A
Address
151-153 Hoi Bun Road, Rooms 610-612, 6th Floor, Kwong Sang Hong Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Website
https://www.tenpao.com
Ten Pao Group Holdings Ltd is an investment holding company. It is engaged in the sales and manufacturing of switching power supply units for consumer products and smart chargers and controllers for industrial use. The operating segments of the company are telecommunication, media and entertainment, electrical home appliances, lighting, smart chargers and controllers, and others. Some of its products are USB chargers, wireless chargers, adapters, open frame power supply, led drivers, smart charger and controllers, and power saver. Geographically, the group has a business presence in the PRC, Europe, Asia, the U.S., Africa and Other regions, of which prime revenue is derived from the PRC.
Executives
Hung Kwong Yee 2201 Interest of corporation controlled by you
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Vistra Trust (bvi) Limited
Fil Limited 2201 Interest of corporation controlled by you
Pandanus Associates Inc. 2201 Interest of corporation controlled by you
Pandanus Partners L.p. 2201 Interest of corporation controlled by you
Fidelity China Special Situations Plc 2101 Beneficial owner

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