China National Complete Plant Import & Export (SZSE:000151) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is China National Complete Plant Import & Export 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. China National Complete Plant Import & Export's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

China National Complete Plant Import & Export's long-term debt to total assets ratio increased from Mar. 2023 (0.01) to Mar. 2024 (0.02). It may suggest that China National Complete Plant Import & Export is progressively becoming more dependent on debt to grow their business.

China National Complete Plant Import & Export LT-Debt-to-Total-Asset Historical Data

The historical data trend for China National Complete Plant Import & Export'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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China National Complete Plant Import & Export LT-Debt-to-Total-Asset Chart

China National Complete Plant Import & Export Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

China National Complete Plant Import & Export 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															0.01	0.01	0.01	0.01	0.02

China National Complete Plant Import & Export LT-Debt-to-Total-Asset Calculation

China National Complete Plant Import & Export'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 )
	=	32.492	/	3301.727
	=	0.01

China National Complete Plant Import & Export'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 )
	=	49.782	/	3308.558
	=	0.02

China National Complete Plant Import & Export (SZSE:000151) 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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China National Complete Plant Import & Export (SZSE:000151) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » China National Complete Plant Import & Export Corp Ltd (SZSE:000151) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188 S. 4th Ring West Road, District 2, Building 8, Fengtai, Beijing, Beijing, CHN, 100070

Website

http://www.complant-ltd.com.cn

China National Complete Plant Import & Export Corp Ltd is engaged in the export of equipment and engineering contracting, general trade, and overseas industrial operations. The main business countries of the company include Bangladesh, Ethiopia, Barbados, and Jamaica. In general trade, the company exports textiles, electronic machinery, solar energy systems, and agricultural machinery. Overseas industrial operations include leasing operations.

Executives

Chen Song Sheng

Independent director

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