Beijing-Shanghai High Speed Railway Co (SHSE:601816) LT-Debt-to-Total-Asset : 0.20 (As of Mar. 2024)

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What is Beijing-Shanghai High Speed Railway 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. Beijing-Shanghai High Speed Railway Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.20.

Beijing-Shanghai High Speed Railway Co's long-term debt to total assets ratio declined from Mar. 2023 (0.24) to Mar. 2024 (0.20). It may suggest that Beijing-Shanghai High Speed Railway Co is progressively becoming less dependent on debt to grow their business.

Beijing-Shanghai High Speed Railway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Beijing-Shanghai High Speed Railway 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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Beijing-Shanghai High Speed Railway Co LT-Debt-to-Total-Asset Chart

Beijing-Shanghai High Speed Railway Co Annual Data

Trend

Dec09

Dec10

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.26

0.25

0.20

Beijing-Shanghai High Speed Railway 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															0.24	0.24	0.20	0.20	0.20

Beijing-Shanghai High Speed Railway Co LT-Debt-to-Total-Asset Calculation

Beijing-Shanghai High Speed Railway 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 )
	=	58944.779	/	292219.726
	=	0.20

Beijing-Shanghai High Speed Railway 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 )
	=	57381.033	/	293364.459
	=	0.20

Beijing-Shanghai High Speed Railway Co (SHSE:601816) 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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Beijing-Shanghai High Speed Railway Co (SHSE:601816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Beijing-Shanghai High Speed Railway Co Ltd (SHSE:601816) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 5 Beihuo Road, No. 1 Office Building, 3rd and 4th Floor, Haidian District, Beijing, CHN, 100038

Website

http://www.cr-jh.cn

Beijing-Shanghai High Speed Railway Co Ltd is a provider of rail passenger transportation. The company's rail service connects two economic zones, Beijing-Tianjin-Hebei and Yangtze River Delta.

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