Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Shaanxi Broadcast & TV Network Intermediary (Group) 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. Shaanxi Broadcast & TV Network Intermediary (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Shaanxi Broadcast & TV Network Intermediary (Group) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.28). It may suggest that Shaanxi Broadcast & TV Network Intermediary (Group) Co is progressively becoming less dependent on debt to grow their business.

Shaanxi Broadcast & TV Network Intermediary (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shaanxi Broadcast & TV Network Intermediary (Group) 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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Shaanxi Broadcast & TV Network Intermediary (Group) Co LT-Debt-to-Total-Asset Chart

Shaanxi Broadcast & TV Network Intermediary (Group) 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

0.20

0.17

0.25

Shaanxi Broadcast & TV Network Intermediary (Group) 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															0.29	0.27	0.28	0.25	0.28

Shaanxi Broadcast & TV Network Intermediary (Group) Co LT-Debt-to-Total-Asset Calculation

Shaanxi Broadcast & TV Network Intermediary (Group) 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 )
	=	2950.968	/	11647.29
	=	0.25

Shaanxi Broadcast & TV Network Intermediary (Group) 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 )
	=	3283.078	/	11709.762
	=	0.28

Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) 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.

Shaanxi Broadcast & TV Network Intermediary (Group) Co LT-Debt-to-Total-Asset Related Terms

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Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd (SHSE:600831) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Gaoxin 1st Road, New and High-Technology Development Zone, Xi'an, Shanxi, CHN, 710075

Website

http://www.600831.com

Shaanxi Broadcast & TV Network Intermediary (Group) Co Ltd is engaged in the provision of planning, construction, and operation and management of radio and television network in Shaanxi Province. The company provides digital and cable television services, high-definition interactive services, including basic channel broadcast services, channel broadcast subscription and information services, and video-on-demand services; and data services.

Executives

Han Pu	Directors, senior managers
Fan Dong	senior management
Li Wen Hua	senior management
Li Wen	senior management
Wang Li Qiang	Director
Hu Xiao Lai	senior management
Zhang Yan Bing	senior management
Feng Hui Ming	senior management
Ren Hui	senior management
Xu Qi Huan	senior management
Liu Jin	Director
Xue Chao Hui	senior management
Wang Zhang Yuan	senior management
Fu Chen Ling	senior management
Yan Zhao Xiang	Director

Shaanxi Broadcast & TV Network Intermediary (Group) Co (SHSE:600831) Headlines

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