Tianjin Port Development Holdings (HKSE:03382) LT-Debt-to-Total-Asset : 0.10 (As of Dec. 2023)

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What is Tianjin Port Development 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. Tianjin Port Development Holdings's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.10.

Tianjin Port Development Holdings's long-term debt to total assets ratio declined from Dec. 2022 (0.11) to Dec. 2023 (0.10). It may suggest that Tianjin Port Development Holdings is progressively becoming less dependent on debt to grow their business.

Tianjin Port Development Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianjin Port Development 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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Tianjin Port Development Holdings LT-Debt-to-Total-Asset Chart

Tianjin Port Development Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.16

0.12

0.11

0.10

Tianjin Port Development Holdings 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															0.12	0.10	0.11	0.11	0.10

Tianjin Port Development Holdings LT-Debt-to-Total-Asset Calculation

Tianjin Port Development Holdings'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 )
	=	4232.387	/	40619.719
	=	0.10

Tianjin Port Development Holdings'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 )
	=	4232.387	/	40619.719
	=	0.10

Tianjin Port Development Holdings (HKSE:03382) 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.

Tianjin Port Development Holdings LT-Debt-to-Total-Asset Related Terms

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Tianjin Port Development Holdings (HKSE:03382) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Tianjin Port Development Holdings Ltd (HKSE:03382) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

T9P:Germany

Address

Times Square, 1 Matheson Street, Suite 3904-3907, 39th Floor, Tower Two, Causeway Bay, Hong Kong, HKG

Website

http://www.tianjinportdev.com

Tianjin Port Development Holdings Ltd is a transportation and logistics company that operates the Tianjin Port in the People's Republic of China. The company organizes itself into three segments: non-containerised and container cargo handling, sales, and other port ancillary services. The cargo handling segment, which generates the majority of revenue, handles both container and non-container cargo. Sales, the next most significant segment, sells fuel and other supplies and materials. Other port ancillary services include tugboat services, agency services, tallying, and other services.

Executives

Teda Investment Holding Co., Ltd.
Tsinlien Group Company Limited
Tian Jin Tai Da Shi Ye Ji Tuan You Xian Gong Si
Tian Jin Bo Hai Guo You Zi Chan Jing Ying Guan Li You Xian Gong Si
Tianjin Teda Investment Holding Co., Ltd.	2201 Interest of corporation controlled by you

Tianjin Port Development Holdings (HKSE:03382) Headlines

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