China Tangshang Holdings (HKSE:00674) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2023)

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What is China Tangshang 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. China Tangshang Holdings's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.16.

China Tangshang Holdings's long-term debt to total assets ratio declined from Sep. 2022 (0.30) to Sep. 2023 (0.16). It may suggest that China Tangshang Holdings is progressively becoming less dependent on debt to grow their business.

China Tangshang Holdings LT-Debt-to-Total-Asset Historical Data

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

China Tangshang Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.11

0.30

0.26

0.25

0.14

China Tangshang Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.24	0.25	0.30	0.14	0.16

China Tangshang Holdings LT-Debt-to-Total-Asset Calculation

China Tangshang 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 )
	=	590.141	/	4289.096
	=	0.14

China Tangshang 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 )
	=	564.466	/	3492.543
	=	0.16

China Tangshang Holdings (HKSE:00674) 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 Tangshang Holdings LT-Debt-to-Total-Asset Related Terms

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China Tangshang Holdings (HKSE:00674) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Tangshang Holdings Ltd (HKSE:00674) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Austin Road, Unit 1201, 12th Floor, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.ts674.com

China Tangshang Holdings Ltd is a Hong Kong-based investment holding company. It operates in the segments of Property sub-leasing and investment business; Property development business and Money lending business. A majority of revenue is derived from the Property development business which involves the development of real estate. The group's operations are mainly located in Hong Kong and the PRC.

Executives

Chen Weiwu	2101 Beneficial owner
Shenzhen Tangshang Industrial Group Co., Ltd	2201 Interest of corporation controlled by you
Jiang Dingwei	2201 Interest of corporation controlled by you
Shenzhen Yaoling Investment Company Limited	2101 Beneficial owner

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