Fameglow Holdings (HKSE:08603) LT-Debt-to-Total-Asset : 0.13 (As of Sep. 2023)

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What is Fameglow 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. Fameglow Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.13.

Fameglow Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.20) to Sep. 2023 (0.13). It may suggest that Fameglow Holdings is progressively becoming less dependent on debt to grow their business.

Fameglow Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fameglow 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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Fameglow Holdings LT-Debt-to-Total-Asset Chart

Fameglow Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.01

0.15

0.30

0.26

0.16

Fameglow Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.20	-	0.16	-	0.13

Fameglow Holdings LT-Debt-to-Total-Asset Calculation

Fameglow Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	32.845	/	208.141
	=	0.16

Fameglow Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	24.957	/	198.162
	=	0.13

Fameglow Holdings (HKSE:08603) 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.

Fameglow Holdings LT-Debt-to-Total-Asset Related Terms

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Fameglow Holdings (HKSE:08603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Fameglow Holdings Ltd (HKSE:08603) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Wing Hong Street, Unit 304, Global Gateway Tower, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.fameglow.com

Fameglow Holdings Ltd acts as an investment holding company. Through its subsidiaries, it is principally engaged in the provision of treatment services and the sale of skincare products in Hong Kong. The firm's treatment services comprise Energy-based procedures, minimally invasive procedures, and Traditional beauty services. The majority of revenue gets derived from Energy-based procedures. the company's revenue is derived from hong kong only.

Executives

Equal Joy Holdings Limited	2101 Beneficial owner
Fu Chi Ching	2201 Interest of corporation controlled by you
Yip Chun Kwok Danny	2201 Interest of corporation controlled by you

Fameglow Holdings (HKSE:08603) Headlines

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