China Express Airlines Co (SZSE:002928) LT-Debt-to-Total-Asset : 0.48 (As of Mar. 2024)

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What is China Express Airlines 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 Express Airlines Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.48.

China Express Airlines Co's long-term debt to total assets ratio increased from Mar. 2023 (0.45) to Mar. 2024 (0.48). It may suggest that China Express Airlines Co is progressively becoming more dependent on debt to grow their business.

China Express Airlines Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Express Airlines 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 Express Airlines Co LT-Debt-to-Total-Asset Chart

China Express Airlines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.07

0.47

0.48

China Express Airlines 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															0.45	0.46	0.47	0.48	0.48

China Express Airlines Co LT-Debt-to-Total-Asset Calculation

China Express Airlines 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 )
	=	8678.828	/	18179.037
	=	0.48

China Express Airlines 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 )
	=	9172.955	/	19062.092
	=	0.48

China Express Airlines Co (SZSE:002928) 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.

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China Express Airlines Co (SZSE:002928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Express Airlines Co Ltd (SZSE:002928) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-3F, Annex Building, Airport Hotel, Longdongbao Airport, Guizhou Province, Nanming District, Guiyang, CHN, 550012

Website

https://www.chinaexpressair.com

China Express Airlines Co Ltd is a China-based company operates in the regional aviation business. It is the only independent airline long-term focused on regional aviation in China. The business activities of the group are functioned through five operation bases located in Guiyang, Chongqing, Dalian, Inner Mongolia, and Xi'an.

Executives

Li San Sheng

Executives

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