Shanxi Hi speed Group Co (SZSE:000755) LT-Debt-to-Total-Asset : 0.52 (As of Mar. 2024)

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What is Shanxi Hi speed 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. Shanxi Hi speed Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.52.

Shanxi Hi speed Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.52) to Mar. 2024 (0.52). It may suggest that Shanxi Hi speed Group Co is progressively becoming less dependent on debt to grow their business.

Shanxi Hi speed Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanxi Hi speed 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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Shanxi Hi speed Group Co LT-Debt-to-Total-Asset Chart

Shanxi Hi speed Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.54

0.59

0.55

0.52

Shanxi Hi speed 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															0.52	0.52	0.51	0.52	0.52

Shanxi Hi speed Group Co LT-Debt-to-Total-Asset Calculation

Shanxi Hi speed 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 )
	=	6626.717	/	12744.199
	=	0.52

Shanxi Hi speed 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 )
	=	6625.507	/	12791.431
	=	0.52

Shanxi Hi speed Group Co (SZSE:000755) 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.

Shanxi Hi speed Group Co LT-Debt-to-Total-Asset Related Terms

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Shanxi Hi speed Group Co (SZSE:000755) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanxi Hi speed Group Co Ltd (SZSE:000755) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 19, Chuangye Street, High-tech Development Zone, Shanxi Province, Taiyuan, CHN, 030006

Website

http://www.sxlq.com

Shanxi Road and Bridge Co Ltd is an engineering and construction company. Its business segments are Investment building sector, Infrastructure construction section, Upstream and downstream sectors of the industrial chain, real estate sector, and new business sector among others. The firm has its operational footprints in countries like Zimbabwe, Botswana, Cambodia, Mongolia, Yemen, and other countries.

Executives

Li Hong Xing	Director
Zhang Jian Hua	Independent director
Wang Qiao Ping	Supervisors
Gao Zhi Wu	Director
Wang Qin Wang	Directors, executives
Sun Zi Jin	Directors, executives
Li Jin Peng	Executives
Fan Yong	Supervisors
Feng Fa Cai	Director
Yang Xue Ying	Executives, directors
Zhang Fang Xu	Supervisors
Tong Li Xiang	Director
Li Xiao Chu	Director
Wang Pei Qin	Director

Shanxi Hi speed Group Co (SZSE:000755) Headlines

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