China CYTS Tours Holding Co (SHSE:600138) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)

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What is China CYTS Tours Holding 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. China CYTS Tours Holding Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

China CYTS Tours Holding Co's long-term debt to total assets ratio declined from Mar. 2023 (0.15) to Mar. 2024 (0.11). It may suggest that China CYTS Tours Holding Co is progressively becoming less dependent on debt to grow their business.

China CYTS Tours Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China CYTS Tours Holding 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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China CYTS Tours Holding Co LT-Debt-to-Total-Asset Chart

China CYTS Tours Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.10

0.09

0.15

0.12

China CYTS Tours Holding 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															0.15	0.13	0.13	0.12	0.11

China CYTS Tours Holding Co LT-Debt-to-Total-Asset Calculation

China CYTS Tours Holding 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 )
	=	1998.884	/	17286.873
	=	0.12

China CYTS Tours Holding 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 )
	=	1828.801	/	16678.647
	=	0.11

China CYTS Tours Holding Co (SHSE:600138) 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 CYTS Tours Holding Co LT-Debt-to-Total-Asset Related Terms

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China CYTS Tours Holding Co (SHSE:600138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China CYTS Tours Holding Co Ltd (SHSE:600138) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Dongzhimen South Street, Zhongyuelv Building, Dongcheng District, Beijing, CHN, 100007

Website

http://www.cytsonline.com

China CYTS Tours Holding Co Ltd is a China-based company engaged in the tourism services industry. It provides services including holiday booking services, the domestic tourist resort, island tourist resort and other services and benefits. The company provides tourism services which include both the domestic and international tour vacations.

Executives

Yuan Hao	senior management
Ding Yuan Wei	Director
Yin Xing Fu	Director
Liu Guang Ming	Director
Zhang Li Jun	Director

China CYTS Tours Holding Co (SHSE:600138) Headlines

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