Ningxia Western Venture Industrial Co (SZSE:000557) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ningxia Western Venture Industrial 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. Ningxia Western Venture Industrial Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ningxia Western Venture Industrial Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Ningxia Western Venture Industrial Co is progressively becoming more dependent on debt to grow their business.

Ningxia Western Venture Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningxia Western Venture Industrial 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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Ningxia Western Venture Industrial Co LT-Debt-to-Total-Asset Chart

Ningxia Western Venture Industrial Co Annual Data

Trend

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LT-Debt-to-Total-Asset

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Ningxia Western Venture Industrial Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
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Ningxia Western Venture Industrial Co LT-Debt-to-Total-Asset Calculation

Ningxia Western Venture Industrial 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 )
	=	0	/	6263.138
	=	0.00

Ningxia Western Venture Industrial 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 )
	=	4.893	/	6337.826
	=	0.00

Ningxia Western Venture Industrial Co (SZSE:000557) 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.

Ningxia Western Venture Industrial Co LT-Debt-to-Total-Asset Related Terms

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Ningxia Western Venture Industrial Co (SZSE:000557) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Ningxia Western Venture Industrial Co Ltd (SZSE:000557) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 168, Beijing Middle Road, The First Floor of Block C, Ningxia Hui Autonomous Region, Yinchuan, CHN

Website

http://www.xbcy.nx.cn

Ningxia Western Venture Industrial Co Ltd is engaged in the business of railway transportation, warehousing and logistics, wine, and hotel catering.

Executives

Zhu Guan Hu

Director

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