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China State Construction Engineering (SHSE:601668) LT-Debt-to-Total-Asset : 0.21 (As of Mar. 2024)


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What is China State Construction Engineering 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 State Construction Engineering's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.21.

China State Construction Engineering's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.21). It may suggest that China State Construction Engineering is progressively becoming more dependent on debt to grow their business.

China State Construction Engineering LT-Debt-to-Total-Asset Historical Data

The historical data trend for China State Construction Engineering'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 State Construction Engineering LT-Debt-to-Total-Asset Chart

China State Construction Engineering Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.17 0.17 0.18 0.19 0.19

China State Construction Engineering 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.18 0.18 0.19 0.21

China State Construction Engineering LT-Debt-to-Total-Asset Calculation

China State Construction Engineering'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 )
=555092.8/2903322.519
=0.19

China State Construction Engineering'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 )
=624345.843/2966209.035
=0.21

* 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.

China State Construction Engineering  (SHSE:601668) 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.

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China State Construction Engineering (SHSE:601668) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China State Construction Engineering Corp Ltd (SHSE:601668) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:601390 SHSE:601186 SHSE:601669 SHSE:601618 SHSE:600039 SHSE:601117 SHSE:600970 SHSE:600170 SHSE:601611 SZSE:002060 XPAR:DG NSE:LT PWR J TSX:WSP HKSE:01800 XKRX:028260 XPAR:EN HKSE:03996 ACM
Traded in Other Exchanges
N/A
Address
Anding Road, Building 3, Courtyard 5, China Construction Fortune International Center, Chaoyang District, Beijing, CHN, 100029
Website
https://www.cscec.com
China State Construction Engineering Corp Ltd is a construction and real estate conglomerate. Its operating segments are Building construction engineering, Infrastructure construction & investment, Real estate development & investment, Prospecting & design, and Others. The majority of its revenue comes from the Building construction engineering segment. The company undertakes construction, installation, and consulting of domestic and domestic public and civil building construction projects; investment and construction of infrastructure projects; real estate investment and development at home and abroad; survey and design of construction; decoration engineering, and garden engineering. Geographically it generates a vast majority of its revenue from Mainland China.

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