Xiamen Xiangyu Co (SHSE:600057) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Xiamen Xiangyu 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. Xiamen Xiangyu Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Xiamen Xiangyu Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that Xiamen Xiangyu Co is progressively becoming less dependent on debt to grow their business.

Xiamen Xiangyu Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen Xiangyu 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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Xiamen Xiangyu Co LT-Debt-to-Total-Asset Chart

Xiamen Xiangyu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.09

0.06

0.02

Xiamen Xiangyu 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															0.03	0.03	0.02	0.02	0.02

Xiamen Xiangyu Co LT-Debt-to-Total-Asset Calculation

Xiamen Xiangyu 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 )
	=	1938.15	/	129705.187
	=	0.01

Xiamen Xiangyu 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 )
	=	2356.529	/	133669.166
	=	0.02

Xiamen Xiangyu Co (SHSE:600057) 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.

Xiamen Xiangyu Co LT-Debt-to-Total-Asset Related Terms

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Xiamen Xiangyu Co (SHSE:600057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen Xiangyu Co Ltd (SHSE:600057) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2F, Yinsheng Mansion, No.21 Xiangxing Forth Road, Free Trade Zone, Modern Logistic, Xiamen, Fujian, CHN, 361006

Website

http://www.xiangyu.cn

Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics.

Executives

Tong Xiao Qing	senior management
Liao Jie	senior management
Deng Qi Dong	Director
Cheng Yi Liang	senior management
Zhang Jun Tian	senior management
Qi Wei Dong	Directors, senior managers
Chen Dai Zhen	senior management
Fan Cheng Yang	senior management
Zhang Shui Li	Director
Chen Fang	Director
Xiao Jing Qin	senior management
Zhang Yue Duan	senior management
Gao Chen Xia	senior management
Lu Jiang	Supervisors
Ma Zhong Da	Supervisors

Xiamen Xiangyu Co (SHSE:600057) Headlines

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