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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) LT-Debt-to-Total-Asset : 0.09 (As of Mar. 2024)


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What is Tianjin 712 Communication & Broadcasting 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. Tianjin 712 Communication & Broadcasting Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.09.

Tianjin 712 Communication & Broadcasting Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.09). It may suggest that Tianjin 712 Communication & Broadcasting Co is progressively becoming more dependent on debt to grow their business.

Tianjin 712 Communication & Broadcasting Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianjin 712 Communication & Broadcasting 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.

* Premium members only.

Tianjin 712 Communication & Broadcasting Co LT-Debt-to-Total-Asset Chart

Tianjin 712 Communication & Broadcasting Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.02 - 0.04 0.08

Tianjin 712 Communication & Broadcasting 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.06 0.06 0.08 0.09

Tianjin 712 Communication & Broadcasting Co LT-Debt-to-Total-Asset Calculation

Tianjin 712 Communication & Broadcasting 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 )
=763.986/9767.698
=0.08

Tianjin 712 Communication & Broadcasting 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 )
=819.486/9506.547
=0.09

* 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.

Tianjin 712 Communication & Broadcasting Co  (SHSE:603712) 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.

Tianjin 712 Communication & Broadcasting Co LT-Debt-to-Total-Asset Related Terms

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Tianjin 712 Communication & Broadcasting Co (SHSE:603712) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tianjin 712 Communication & Broadcasting Co Ltd (SHSE:603712) » Definitions » LT-Debt-to-Total-Asset
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Traded in Other Exchanges
N/A
Address
No. 141 North Main Street, Tianjin Economic and Technological Development Zone, West District, Tianjin, CHN, 300462
Website
http://www.712.cn
Tianjin 712 Communication & Broadcasting Co Ltd is a Chinese based company operates in communication equipment business. It is primarily involved in the research, development, production, and precision electronic product processing of civil communication equipment, trunking mobile communication system, maritime communication products, digital walkie-talkie and train wireless dispatching communication system equipment. Geographically, the operations are carried out through China.
Executives
Zhang Bao Zhu senior management
Zhang Feng Xia Supervisors
Xiao Peng senior management
Pang Hui Directors, senior managers
Ma Yan senior management
Zhang Xin Supervisors
Wang Bao Director

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