Sichuan Road & Bridge Co (SHSE:600039) LT-Debt-to-Total-Asset : 0.29 (As of Mar. 2024)

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What is Sichuan Road & Bridge 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. Sichuan Road & Bridge Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.29.

Sichuan Road & Bridge Co's long-term debt to total assets ratio increased from Mar. 2023 (0.26) to Mar. 2024 (0.29). It may suggest that Sichuan Road & Bridge Co is progressively becoming more dependent on debt to grow their business.

Sichuan Road & Bridge Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sichuan Road & Bridge 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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Sichuan Road & Bridge Co LT-Debt-to-Total-Asset Chart

Sichuan Road & Bridge Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.31

0.28

0.25

0.26

Sichuan Road & Bridge 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															0.26	0.25	0.28	0.26	0.29

Sichuan Road & Bridge Co LT-Debt-to-Total-Asset Calculation

Sichuan Road & Bridge 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 )
	=	62899.421	/	240914.763
	=	0.26

Sichuan Road & Bridge 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 )
	=	67965.328	/	237190.005
	=	0.29

Sichuan Road & Bridge Co (SHSE:600039) 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.

Sichuan Road & Bridge Co LT-Debt-to-Total-Asset Related Terms

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Sichuan Road & Bridge Co (SHSE:600039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sichuan Road & Bridge Co Ltd (SHSE:600039) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Gao Peng Avenue, No. F-59, Science & Technology Industrial Park, High-Tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

http://www.scrbc.com.cn

Sichuan Road & Bridge Co Ltd is a China-based company engaged in the investigation, design, construction, conservation, and management of highways.

Executives

Zhu Nian Hong	Director
Feng Qiang Lin	senior management
Zhang Hang Chuan	senior management
Hu Yuan Hua	Director
Li Ji Dong	senior management
Wang Chuan Fu	senior management
Zhang Jian Ming	senior management
Gan Hong	Director
Zhou Yong	senior management
Long Yong	senior management
Yang Ru Gang	Director
Wang Zhong Lin	senior management
Liu De Yong	senior management
Lu Wei	senior management
Guo Xiang Hui	Director

Sichuan Road & Bridge Co (SHSE:600039) Headlines

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