China Railway Materials Co (SZSE:000927) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is China Railway Materials 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. China Railway Materials Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

China Railway Materials Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that China Railway Materials Co is progressively becoming less dependent on debt to grow their business.

China Railway Materials Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Railway Materials 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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China Railway Materials Co LT-Debt-to-Total-Asset Chart

China Railway Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.02

0.01

0.02

0.01

China Railway Materials 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															0.02	0.02	0.02	0.01	0.01

China Railway Materials Co LT-Debt-to-Total-Asset Calculation

China Railway Materials 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 )
	=	315.707	/	24984.309
	=	0.01

China Railway Materials 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 )
	=	330.895	/	26065.174
	=	0.01

China Railway Materials Co (SZSE:000927) 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.

China Railway Materials Co LT-Debt-to-Total-Asset Related Terms

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China Railway Materials Co (SZSE:000927) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Railway Materials Co Ltd (SZSE:000927) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.17 Fuxing Road, 19th Floor, Block C, Guohai Plaza, Haidian District, Beijing, CHN, 100036

Website

https://www.twgf.crmsc.com.cn

China Railway Materials Co Ltd is engaged in development of oil product supply, rail life cycle management, equipment and material supply, railway line maintenance, railway construction engineering services, bidding agency, industrial product manufacturing, and bulk commodity trading.

Executives

Zhang Jie	Executives
Liu Jun Min	Independent director
Xiao Jin Dong	Executives

China Railway Materials Co (SZSE:000927) Headlines

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