China Communications Services (HKSE:00552) LT-Debt-to-Total-Asset : 0.01 (As of Dec. 2023)

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What is China Communications Services 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. China Communications Services's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.01.

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

China Communications Services LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Communications Services'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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China Communications Services LT-Debt-to-Total-Asset Chart

China Communications Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

China Communications Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.01	0.01	0.01

China Communications Services LT-Debt-to-Total-Asset Calculation

China Communications Services'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 )
	=	1183.938	/	133211.057
	=	0.01

China Communications Services'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 )
	=	1183.938	/	133211.057
	=	0.01

China Communications Services (HKSE:00552) 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.

China Communications Services LT-Debt-to-Total-Asset Related Terms

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China Communications Services (HKSE:00552) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » China Communications Services Corp Ltd (HKSE:00552) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CUCSF:USA CMW:Germany

Address

Fenghuangzui Street, Block No. 1, Compound No. 1, Fengtai District, Beijing, CHN, 100073

Website

https://www.chinaccs.com.hk

China Communications Services Corp Ltd is active in the technology sector. It provides integrated comprehensive solutions for the informatization and digitalization sector. It provides integrated solutions, including telecommunications infrastructure services, business process outsourcing services as well as applications, content, and other services to telecommunications operators, government agencies, industrial customers, and small-and-medium enterprises.

Executives

Fmr Llc	2201 Interest of corporation controlled by you
Blackrock, Inc.	2201 Interest of corporation controlled by you
Kopernik Global Investors Llc	2102 Investment manager
Citigroup Inc.	2502 Approved lending agent
Hermes Investment Management Ltd	2102 Investment manager

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