Fosun Tourism Group (HKSE:01992) LT-Debt-to-Total-Asset : 0.50 (As of Dec. 2023)

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What is Fosun Tourism Group 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. Fosun Tourism Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.50.

Fosun Tourism Group's long-term debt to total assets ratio declined from Dec. 2022 (0.53) to Dec. 2023 (0.50). It may suggest that Fosun Tourism Group is progressively becoming less dependent on debt to grow their business.

Fosun Tourism Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fosun Tourism Group'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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Fosun Tourism Group LT-Debt-to-Total-Asset Chart

Fosun Tourism Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.35

0.52

0.53

0.50

Fosun Tourism Group Semi-Annual Data
	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											0.53	0.55	0.53	0.53	0.50

Fosun Tourism Group LT-Debt-to-Total-Asset Calculation

Fosun Tourism Group'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 )
	=	20948.468	/	42244.855
	=	0.50

Fosun Tourism Group'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 )
	=	20948.468	/	42244.855
	=	0.50

Fosun Tourism Group (HKSE:01992) 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.

Fosun Tourism Group LT-Debt-to-Total-Asset Related Terms

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Fosun Tourism Group (HKSE:01992) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Fosun Tourism Group (HKSE:01992) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

6T8:Germany

Address

3 Garden Road, Room 808 & 2101-06, ICBC Tower, Central, Hong Kong, HKG, 210010

Website

http://www.fosunholiday.com

Fosun Tourism Group is primarily engaged in providing pioneering and family-focused tourism and leisure solutions. The principal business activities of the group are resort; tourism destinations; and services and solutions in various tourism and leisure settings.

Fosun Tourism Group (HKSE:01992) Headlines

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