CTS International Logistics (SHSE:603128) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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

CTS International Logistics's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.02). It may suggest that CTS International Logistics is progressively becoming less dependent on debt to grow their business.

CTS International Logistics LT-Debt-to-Total-Asset Historical Data

The historical data trend for CTS International Logistics'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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CTS International Logistics LT-Debt-to-Total-Asset Chart

CTS International Logistics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

0.10

0.03

0.02

CTS International Logistics 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															0.03	0.02	0.02	0.02	0.02

CTS International Logistics LT-Debt-to-Total-Asset Calculation

CTS International Logistics'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 )
	=	160.032	/	9653.476
	=	0.02

CTS International Logistics'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 )
	=	164.167	/	9350.884
	=	0.02

CTS International Logistics (SHSE:603128) 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.

CTS International Logistics LT-Debt-to-Total-Asset Related Terms

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CTS International Logistics (SHSE:603128) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CTS International Logistics Corp Ltd (SHSE:603128) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

20th Floor, Tian An Center, No. 338 Nanjing Xi Road, Shanghai, CHN, 200003

Website

http://www.ctsfreight.com

CTS International Logistics Corp Ltd operates in the logistics industry. The company mainly focuses on cross-border comprehensive logistics and supply chain trade services. It provides air freight, ocean freight, multi transportation, project logistics, supply chain trading, warehousing and cross-border logistics services.

Executives

Chen Yu	Director
Jiang Bo	senior management
Yu Yong Qian	senior management
Liu Qing Wu	senior management
Cai Xian Zhong	senior management
Mao Ning	Director
Tang Guo Liang	Supervisors
Miao Yue Dong	senior management
Zhou Xu Qing	Director
Chen Wei Xing	senior management
Lin Shi Kuan	senior management
Guo Zhen Ming	Director
Dong Wei Zhong	Supervisors

CTS International Logistics (SHSE:603128) Headlines

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