Apollo Future Mobility Group (STU:U1R1) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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

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

Apollo Future Mobility Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Apollo Future Mobility 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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Apollo Future Mobility Group LT-Debt-to-Total-Asset Chart

Apollo Future Mobility Group Annual Data

Trend

Sep14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Apollo Future Mobility Group Semi-Annual Data
	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	-	0.01

Apollo Future Mobility Group LT-Debt-to-Total-Asset Calculation

Apollo Future Mobility 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 )
	=	2.144	/	460.234
	=	0.00

Apollo Future Mobility 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 )
	=	2.144	/	460.234
	=	0.00

Apollo Future Mobility Group (STU:U1R1) 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.

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Apollo Future Mobility Group (STU:U1R1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Apollo Future Mobility Group Ltd (STU:U1R1) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

00860:Hong Kong

Address

189 Des Voeux Road Central, Sheung Wan, Units 2001-2002, 20th Floor, Li Po Chun Chambers, Hong Kong, HKG

Website

https://www.apollofmg.com

Apollo Future Mobility Group Ltd is an investment holding company. It operates in three segments. The Mobility technology solutions segment engages in designing, developing, manufacturing, and sales high-performance hypercars and provision of mobility technology solutions. Jewellery products and watches segment that derives majority revenue focus on retailing and wholesale of jewellery products and watches. The Money Lending segment provides loan finance. ,Majority revenue is derived from Jewellery products, watches and other commodities segment. Geographically Mainland China accounts for majority revenue.

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