CRRC (SHSE:601766) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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

CRRC's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that CRRC is progressively becoming more dependent on debt to grow their business.

CRRC LT-Debt-to-Total-Asset Historical Data

The historical data trend for CRRC'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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CRRC LT-Debt-to-Total-Asset Chart

CRRC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.03

0.02

CRRC 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															0.02	0.02	0.02	0.02	0.02

CRRC LT-Debt-to-Total-Asset Calculation

CRRC'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 )
	=	8530.046	/	471791.735
	=	0.02

CRRC'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 )
	=	8716.928	/	471534.809
	=	0.02

CRRC (SHSE:601766) 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.

CRRC LT-Debt-to-Total-Asset Related Terms

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CRRC (SHSE:601766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CRRC Corp Ltd (SHSE:601766) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

CRCCY:USA 01766:Hong Kong C2L:Germany

Address

No. 16-5, Central West Fourth Ring Road, Haidian District, Beijing, CHN, 100036

Website

https://www.crrcgc.cc

CRRC Corp Ltd manufactures products which are used for transportation through railroads. Its product portfolio includes rolling stock, rail transit vehicles, engineering machinery, electrical equipment and related parts, and environmental protection products. The company also engages in allied activities like refurbishment, leasing, technical support to clients, investment, and management, as well as import and export business. Its business operations are spread across Mainland China which derives the highest revenue, and a few other countries.

Executives

Dai De Ming	Director
Zhao Ji Bin	Director
Zhang Jun	Director
Qiu Wei	Supervisors
Wang Yan	Supervisors
Zheng Chang Hong	Director
Tang Ke Lin	Director
Zhao Xiao Gang	Director
Fu Jian Guo	senior management
Chen Yong Kuan	Director
Yang Yu Zhong	Director
Liu Hua Long	Director
Shao Ren Qiang	senior management
Zhan Yan Jing	senior management
Cai Da Wei	Director

CRRC (SHSE:601766) Headlines

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