Guangbo Group Stock Co (SZSE:002103) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

View and export this data going back to 2007. Start your Free Trial

What is Guangbo Group Stock 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. Guangbo Group Stock Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Guangbo Group Stock Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.02). It may suggest that Guangbo Group Stock Co is progressively becoming less dependent on debt to grow their business.

Guangbo Group Stock Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangbo Group Stock 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.

* Premium members only.

Guangbo Group Stock Co LT-Debt-to-Total-Asset Chart

Guangbo Group Stock Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

Get a 7-Day Free Trial

0.01

0.07

0.06

0.02

Guangbo Group Stock 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															0.08	0.09	0.04	0.02	0.02

Guangbo Group Stock Co LT-Debt-to-Total-Asset Calculation

Guangbo Group Stock 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 )
	=	34.381	/	2150.68
	=	0.02

Guangbo Group Stock 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 )
	=	31.297	/	1621.481
	=	0.02

Guangbo Group Stock Co (SZSE:002103) 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.

Guangbo Group Stock Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Guangbo Group Stock Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Guangbo Group Stock Co (SZSE:002103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Guangbo Group Stock Co Ltd (SZSE:002103) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Che He, Shijie Street, Haishu District, Zhejiang Province, Ningbo, CHN, 315153

Website

http://www.guangbo.net

Guangbo Group Stock Co Ltd is involved in making office stationery, printing paper products, plastic products and export-import trade. Its products are found in supermarkets and wholesale markets in large and medium cities in China.

Executives

Ren Hang Zhong	Director
Hu Zhi Ming	Director
Dai Guo Ping	Directors, executives
Wang Li Ping	Director
Lin Xiao Fan	Supervisors
Wang Jun Ping	Directors, executives
Yang Hao Yue	Securities Affairs Representative
Yin Zhong Li	Independent director
Zhu Guo Zhang	Supervisors

Guangbo Group Stock Co (SZSE:002103) Headlines

No Headlines