Huatian Hotel Group Co (SZSE:000428) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)

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What is Huatian Hotel Group 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. Huatian Hotel Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Huatian Hotel Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.09) to Mar. 2024 (0.09). It may suggest that Huatian Hotel Group Co is progressively becoming more dependent on debt to grow their business.

Huatian Hotel Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huatian Hotel Group 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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Huatian Hotel Group Co LT-Debt-to-Total-Asset Chart

Huatian Hotel Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.07

0.03

0.09

Huatian Hotel Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.09	0.09	0.09

Huatian Hotel Group Co LT-Debt-to-Total-Asset Calculation

Huatian Hotel Group Co'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 )
	=	449.082	/	4819.829
	=	0.09

Huatian Hotel Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	431.157	/	4764.104
	=	0.09

Huatian Hotel Group Co (SZSE:000428) 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.

Huatian Hotel Group Co LT-Debt-to-Total-Asset Related Terms

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Huatian Hotel Group Co (SZSE:000428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Huatian Hotel Group Co Ltd (SZSE:000428) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fl. 8 Integration Bldg, No. 380 Jiefang East Rd., Changsha, CHN, 410001

Website

http://www.huatian-hotel.com

Huatian Hotel Group Co Ltd operates in the accommodation industry.

Executives

Ge Xiao Bing	Supervisors
Hou Yue	Director
Hou Ya Bin	Executives
Chen Ji Ming	Director
Li Zheng Bing	Director
Wu Bing Ying	Supervisors
Wu Li Ping	Directors, executives
Guo Min	Supervisors
Zhong Qiao Ping	Executives
Hu Dai Cheng	Executives
Sun Gen Shi	Executives
Ceng Xiao Ling	Director

Huatian Hotel Group Co (SZSE:000428) Headlines

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