Shanghai Zhonggu Logistics Co (SHSE:603565) LT-Debt-to-Total-Asset : 0.27 (As of Mar. 2024)

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What is Shanghai Zhonggu Logistics 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. Shanghai Zhonggu Logistics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.27.

Shanghai Zhonggu Logistics Co's long-term debt to total assets ratio increased from Mar. 2023 (0.23) to Mar. 2024 (0.27). It may suggest that Shanghai Zhonggu Logistics Co is progressively becoming more dependent on debt to grow their business.

Shanghai Zhonggu Logistics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Zhonggu Logistics 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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Shanghai Zhonggu Logistics Co LT-Debt-to-Total-Asset Chart

Shanghai Zhonggu Logistics Co Annual Data

Trend

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.19

0.13

0.19

0.27

Shanghai Zhonggu Logistics Co Quarterly Data
	Dec18	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															0.23	0.28	0.27	0.27	0.27

Shanghai Zhonggu Logistics Co LT-Debt-to-Total-Asset Calculation

Shanghai Zhonggu Logistics 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 )
	=	6320.215	/	23399.174
	=	0.27

Shanghai Zhonggu Logistics 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 )
	=	6603.081	/	24135.956
	=	0.27

Shanghai Zhonggu Logistics Co (SHSE:603565) 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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Shanghai Zhonggu Logistics Co (SHSE:603565) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Zhonggu Logistics Co Ltd (SHSE:603565) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 3261, Dongfang Road, 15th Floor, Block B, Building 1, Pudong New Area, Shanghai, CHN, 200125

Website

http://www.zhonggu56.com

Shanghai Zhonggu Logistics Co Ltd is engaged in providing customers with customized and cost-effective door-to-door full container logistics solutions. The company has SQ boxes, coal boxes, special boxes, freezer boxes and other types of boxes, and more than 10,000 types of transport products. In addition to water transportation, the company integrates railways, highways and other resources. It provides a full range of multimodal transportation services such as sea-land transportation, river-sea transportation, water-water transfer, sea-rail transportation and cold chain transportation services.

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