Zhongfu Straits (Pingtan) Development Co (SZSE:000592) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Zhongfu Straits (Pingtan) Development 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. Zhongfu Straits (Pingtan) Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Zhongfu Straits (Pingtan) Development Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Zhongfu Straits (Pingtan) Development Co is progressively becoming more dependent on debt to grow their business.

Zhongfu Straits (Pingtan) Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongfu Straits (Pingtan) Development 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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Zhongfu Straits (Pingtan) Development Co LT-Debt-to-Total-Asset Chart

Zhongfu Straits (Pingtan) Development Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

Zhongfu Straits (Pingtan) Development 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															-	0.01	0.01	0.01	0.01

Zhongfu Straits (Pingtan) Development Co LT-Debt-to-Total-Asset Calculation

Zhongfu Straits (Pingtan) Development 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 )
	=	28.341	/	4125.422
	=	0.01

Zhongfu Straits (Pingtan) Development 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 )
	=	30.941	/	3729.458
	=	0.01

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) 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.

Zhongfu Straits (Pingtan) Development Co LT-Debt-to-Total-Asset Related Terms

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Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Zhongfu Straits (Pingtan) Development Co Ltd (SZSE:000592) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 159 Wusi Road, 23th Floor, World Golden Dragon Building, Gulou District, Fujian Province, Fuzhou, CHN, 350001

Website

http://www.000592.com

Zhongfu Straits (Pingtan) Development Company Ltd operates in the forest products industry in China. The company is engaged in design and construction of garden landscape engineering, municipal engineering, interior decoration engineering; housing lease; property management, and foreign trade.

Executives

Chen Xi	Securities Affairs Representative
Wang Zhi Ming	Director
Liu Ping Shan	Director
Li Jin Hua	Independent director
Hong Yue Hua	Executives
Chen De He	Director

Zhongfu Straits (Pingtan) Development Co (SZSE:000592) Headlines

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