Seacon Shipping Group Holdings (HKSE:02409) LT-Debt-to-Total-Asset : 0.46 (As of Jun. 2023)

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What is Seacon Shipping Group 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. Seacon Shipping Group Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.46.

Seacon Shipping Group Holdings's long-term debt to total assets ratio increased from Dec. 2021 (0.40) to Jun. 2023 (0.46). It may suggest that Seacon Shipping Group Holdings is progressively becoming more dependent on debt to grow their business.

Seacon Shipping Group Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Seacon Shipping Group 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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Seacon Shipping Group Holdings LT-Debt-to-Total-Asset Chart

Seacon Shipping Group Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

0.52

0.40

0.41

0.50

Seacon Shipping Group Holdings Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				-	0.45	0.41	0.46	0.50

Seacon Shipping Group Holdings LT-Debt-to-Total-Asset Calculation

Seacon Shipping Group Holdings'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 )
	=	911.507	/	2236.333
	=	0.41

Seacon Shipping Group Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	1500.082	/	3248.047
	=

Seacon Shipping Group Holdings (HKSE:02409) 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.

Seacon Shipping Group Holdings LT-Debt-to-Total-Asset Related Terms

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Seacon Shipping Group Holdings (HKSE:02409) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Seacon Shipping Group Holdings Ltd (HKSE:02409) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 20 Zhuzhou Road, Rooms 01 and 04, 23rd Floor, Block B, Building 3, Laoshan District, Shandong Province, Qingdao, CHN

Website

http://www.seacon.com

Seacon Shipping Group Holdings Ltd is an integrated shipping services provider. The company's comprehensive solutions include, 1) shipping services and 2) ship management services, covering each process along the value chain of the maritime shipping industry.

Executives

Tricor Equity Trustee Limited	2301 Trustee
Shining Friends Limited	2201 Interest of corporation controlled by you
Oceanic Flame Limited	2201 Interest of corporation controlled by you
Guo Jinkui	2501 Other
Li Xuyue	2202 Interest of your spouse
Jin Qiu Holding Ltd.	2101 Beneficial owner
Chen Meimei	2202 Interest of your spouse
Kaimei Holding Ltd.	2101 Beneficial owner
Jovial Alliance Limited	2101 Beneficial owner
Chen Zekai	2501 Other

Seacon Shipping Group Holdings (HKSE:02409) Headlines

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