Shenzhen Agricultural Power Group Co (SZSE:000061) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Shenzhen Agricultural Power Group 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. Shenzhen Agricultural Power Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Shenzhen Agricultural Power Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.10) to Mar. 2024 (0.08). It may suggest that Shenzhen Agricultural Power Group Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Agricultural Power Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Agricultural Power Group 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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Shenzhen Agricultural Power Group Co LT-Debt-to-Total-Asset Chart

Shenzhen Agricultural Power Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.12

0.11

0.10

Shenzhen Agricultural Power Group 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															0.10	0.10	0.10	0.10	0.08

Shenzhen Agricultural Power Group Co LT-Debt-to-Total-Asset Calculation

Shenzhen Agricultural Power Group 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 )
	=	2039.14	/	21284.06
	=	0.10

Shenzhen Agricultural Power Group 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 )
	=	1655.824	/	20641.213
	=	0.08

Shenzhen Agricultural Power Group Co (SZSE:000061) 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.

Shenzhen Agricultural Power Group Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Agricultural Power Group Co (SZSE:000061) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Shenzhen Agricultural Power Group Co Ltd (SZSE:000061) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1021 Buji Road, Tianle Building, 22F, Luohu District, Shenzhen, Guangdong, CHN, 518019

Website

http://www.szap.com

Shenzhen Agricultural Products Co Ltd is engaged in investment, development, construction, operation, and management of agricultural products.

Executives

Chen Xiao Hua	Directors, executives
Chen Shao Qun	Director
Shen Hua	Executives
Liu Xiong Jia	Secretary Dong
Zhang Jian	Executives
Liu Guang Yang	Executives
Chen Yang Sheng	Directors, executives
Lu Jian Min	Supervisors
Hu Xiang Hai	Directors, executives
Wan Xiao Ning	Director
Liu Sui Yi	Supervisors
Wang Xing Yi	Independent director
Ceng Pai	Directors, executives
Zhu Jun Ming	Director
Lin Xi Bin	Executives

Shenzhen Agricultural Power Group Co (SZSE:000061) Headlines

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