1957. (Hospitality) (HKSE:08495) LT-Debt-to-Total-Asset : 0.26 (As of Dec. 2023)

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What is 1957. (Hospitality) 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. 1957. (Hospitality)'s long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.26.

1957. (Hospitality)'s long-term debt to total assets ratio increased from Dec. 2022 (0.12) to Dec. 2023 (0.26). It may suggest that 1957. (Hospitality) is progressively becoming more dependent on debt to grow their business.

1957. (Hospitality) LT-Debt-to-Total-Asset Historical Data

The historical data trend for 1957. (Hospitality)'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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1957. (Hospitality) LT-Debt-to-Total-Asset Chart

1957. (Hospitality) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.31

0.23

0.09

0.12

0.26

1957. (Hospitality) Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	-	0.31	-	0.26

1957. (Hospitality) LT-Debt-to-Total-Asset Calculation

1957. (Hospitality)'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 )
	=	86.64	/	333.035
	=	0.26

1957. (Hospitality)'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 )
	=	86.64	/	333.035
	=	0.26

1957. (Hospitality) (HKSE:08495) 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.

1957. (Hospitality) LT-Debt-to-Total-Asset Related Terms

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1957. (Hospitality) (HKSE:08495) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » 1957 & Co. (Hospitality) Ltd (HKSE:08495) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

391–407 Jaffe Road, 33rd Floor, Times Tower, Hong Kong, HKG

Website

https://www.1957.com.hk

1957 & Co. (Hospitality) Ltd is a Hong Kong-based restaurant operation and management company. Together with its subsidiaries, the firm operates full-service restaurants under various brands and serves Japanese, Thai, Vietnamese, Shanghainese and Italian cuisines. The Group is engaged in the operation of restaurants and provision of catering management and consultancy services segment. Apart from its restaurant operation business the company also provides catering management and consultancy services in Hong Kong and the People's Republic of China. It derives the majority of the revenue from the operation of restaurants.

Executives

Cai Weike	2201 Interest of corporation controlled by you
Real Hero Ventures Limited	2101 Beneficial owner
Zhang Meiyun	2202 Interest of your spouse
Chan Siu Wan	2202 Interest of your spouse
Leung Chi Tien Steve	2201 Interest of corporation controlled by you
Kwan Wing Kuen Tino	2101 Beneficial owner
Kwan Wai Ling Alicia	2202 Interest of your spouse
1957 & Co. Limited	2201 Interest of corporation controlled by you
Sino Explorer Limited	2101 Beneficial owner
All Victory Global Limited

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