Jiangsu Tianmu Lake Tourism Co (SHSE:603136) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Jiangsu Tianmu Lake Tourism 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. Jiangsu Tianmu Lake Tourism Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Jiangsu Tianmu Lake Tourism Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.03). It may suggest that Jiangsu Tianmu Lake Tourism Co is progressively becoming less dependent on debt to grow their business.

Jiangsu Tianmu Lake Tourism Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Tianmu Lake Tourism 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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Jiangsu Tianmu Lake Tourism Co LT-Debt-to-Total-Asset Chart

Jiangsu Tianmu Lake Tourism Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.05

0.04

0.03

Jiangsu Tianmu Lake Tourism 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															0.04	0.04	0.04	0.03	0.03

Jiangsu Tianmu Lake Tourism Co LT-Debt-to-Total-Asset Calculation

Jiangsu Tianmu Lake Tourism 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 )
	=	59.632	/	1740.233
	=	0.03

Jiangsu Tianmu Lake Tourism 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 )
	=	58.022	/	1735.994
	=	0.03

Jiangsu Tianmu Lake Tourism Co (SHSE:603136) 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.

Jiangsu Tianmu Lake Tourism Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Tianmu Lake Tourism Co (SHSE:603136) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Jiangsu Tianmu Lake Tourism Co Ltd (SHSE:603136) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tianmu Lake Tourism Resort on the 1st West Lake Road, Jiangsu Province, Liyang, CHN, 213333

Website

http://www.tmhtour.com

Jiangsu Tianmu Lake Tourism Co Ltd is mainly engaged in the development, management, and operation of a tourist attractions in China. Its business projects involved mainly include scenic area management, water world theme parks, hot springs, hotels, travel agencies, and other related tourism.

Executives

Meng Guang Cai	Director
Chen Dong Hai	Supervisors
Shi Yao Feng	Director
Tao Ping	Director

Jiangsu Tianmu Lake Tourism Co (SHSE:603136) Headlines

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