Tak Lee Machinery Holdings (HKSE:02102) LT-Debt-to-Total-Asset : 0.01 (As of Jan. 2024)

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What is Tak Lee Machinery 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. Tak Lee Machinery Holdings's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.01.

Tak Lee Machinery Holdings's long-term debt to total assets ratio increased from Jan. 2023 (0.00) to Jan. 2024 (0.01). It may suggest that Tak Lee Machinery Holdings is progressively becoming more dependent on debt to grow their business.

Tak Lee Machinery Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tak Lee Machinery 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.

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Tak Lee Machinery Holdings LT-Debt-to-Total-Asset Chart

Tak Lee Machinery Holdings Annual Data

Trend

Jul15

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

LT-Debt-to-Total-Asset

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0.01

Tak Lee Machinery Holdings Semi-Annual Data
	Jul15	Jan16	Jul16	Jan17	Jul17	Jan18	Jul18	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													-	-	-	-	0.01

Tak Lee Machinery Holdings LT-Debt-to-Total-Asset Calculation

Tak Lee Machinery Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jul. 2023 is calculated as

LT Debt to Total Assets (A: Jul. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Jul. 2023 )	/	Total Assets (A: Jul. 2023 )
	=	2.164	/	499.202
	=	0.00

Tak Lee Machinery Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as

LT Debt to Total Assets (Q: Jan. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 )	/	Total Assets (Q: Jan. 2024 )
	=	3.197	/	509.682
	=	0.01

Tak Lee Machinery Holdings (HKSE:02102) 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.

Tak Lee Machinery Holdings LT-Debt-to-Total-Asset Related Terms

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Tak Lee Machinery Holdings (HKSE:02102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tak Lee Machinery Holdings Ltd (HKSE:02102) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

N/A

Address

D.D. 111, Lot No. 117, Sheung Che Village, Pat Heung, Yuen Long, New Territories, Hong Kong, HKG

Website

https://www.tlmc-hk.com

Tak Lee Machinery Holdings Ltd is an earthmoving equipment sales and leasing service provider. The company's operating segment includes Sales of heavy equipment and spare parts; Lease of heavy equipment and Maintenance and ancillary services. It generates maximum revenue from the Sales of heavy equipment and spare parts segment which includes trading of heavy equipment and spare parts in Hong Kong. Geographically, it derives revenue from Hong Kong.

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