Fujian Highton Development Co (SHSE:603162) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Fujian Highton Development 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. Fujian Highton Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Fujian Highton Development Co's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.07). It may suggest that Fujian Highton Development Co is progressively becoming more dependent on debt to grow their business.

Fujian Highton Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Fujian Highton Development 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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Fujian Highton Development Co LT-Debt-to-Total-Asset Chart

Fujian Highton Development Co Annual Data

Trend

Dec13

Dec14

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.32

0.23

0.08

Fujian Highton Development Co Quarterly Data
	Dec13	Jun14	Dec14	Jun15	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial											0.01	0.05	0.04	0.08	0.07

Fujian Highton Development Co LT-Debt-to-Total-Asset Calculation

Fujian Highton Development 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 )
	=	347.952	/	4532.362
	=	0.08

Fujian Highton Development 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 )
	=	301.037	/	4530.588
	=	0.07

Fujian Highton Development Co (SHSE:603162) 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.

Fujian Highton Development Co LT-Debt-to-Total-Asset Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Fujian Highton Development Co Ltd (SHSE:603162) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401

Website

http://www.fj-highton.com

Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.

Executives

Zheng Yu Fang	Directors, senior managers
Ceng Er Bin	Director
Le Jun Jie	Director
Huang Tian Tian	senior management
Liu Guo Yong	Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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