Oceanwide Holdings Co (SZSE:000046) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2023)

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What is Oceanwide Holdings Co 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. Oceanwide Holdings Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.05.

Oceanwide Holdings Co's long-term debt to total assets ratio declined from Sep. 2022 (0.06) to Sep. 2023 (0.05). It may suggest that Oceanwide Holdings Co is progressively becoming less dependent on debt to grow their business.

Oceanwide Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Oceanwide Holdings Co'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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Oceanwide Holdings Co LT-Debt-to-Total-Asset Chart

Oceanwide Holdings Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.33

0.22

0.16

0.10

0.03

Oceanwide Holdings Co 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															0.06	0.03	0.03	0.02	0.05

Oceanwide Holdings Co LT-Debt-to-Total-Asset Calculation

Oceanwide Holdings Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	3238.752	/	105190.417
	=	0.03

Oceanwide Holdings Co'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 )
	=	4905.82	/	90674.943
	=	0.05

Oceanwide Holdings Co (SZSE:000046) 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.

Oceanwide Holdings Co LT-Debt-to-Total-Asset Related Terms

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Oceanwide Holdings Co (SZSE:000046) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Oceanwide Holdings Co Ltd (SZSE:000046) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 28, Jianguomennei Street, 22nd Floor, Building C, Minsheng Financial Center, Dongcheng District, Beijing, CHN, 100005

Website

http://www.fhkg.com

Oceanwide Holdings Co Ltd is engaged in diversified business. It operates in Finance; Real estate; Investment and Energy.

Executives

Pan Rui Ping	Directors, executives
Li Shu Xiao	Directors, executives
Feng Zhuang Yong	Supervisors
Zhao Ying Wei	Supervisors
Luo Cheng	Director
Zang Wei	Director
Liu Guo Sheng	Directors, executives
Luan Xian Zhou	Director
Song Hong Mou	Directors, executives
Zhang Bo	Director
Zhao Dong	Supervisors
Liu Bing	Supervisors
Lu Zhi Qiang	Director
Zhao Xiao Xia	Director
Su Gang	Supervisors

Oceanwide Holdings Co (SZSE:000046) Headlines

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