Guangdong Great River Smarter Logistics Co (SZSE:002930) LT-Debt-to-Total-Asset : 0.51 (As of Mar. 2024)

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What is Guangdong Great River Smarter Logistics 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. Guangdong Great River Smarter Logistics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.51.

Guangdong Great River Smarter Logistics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.52) to Mar. 2024 (0.51). It may suggest that Guangdong Great River Smarter Logistics Co is progressively becoming less dependent on debt to grow their business.

Guangdong Great River Smarter Logistics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Great River Smarter Logistics 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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Guangdong Great River Smarter Logistics Co LT-Debt-to-Total-Asset Chart

Guangdong Great River Smarter Logistics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.29

0.52

0.45

0.41

0.48

Guangdong Great River Smarter Logistics 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	0.50	0.48	0.51

Guangdong Great River Smarter Logistics Co LT-Debt-to-Total-Asset Calculation

Guangdong Great River Smarter Logistics 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 )
	=	4566.755	/	9468.145
	=	0.48

Guangdong Great River Smarter Logistics 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 )
	=	5203.618	/	10162.994
	=	0.51

Guangdong Great River Smarter Logistics Co (SZSE:002930) 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.

Guangdong Great River Smarter Logistics Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Great River Smarter Logistics Co (SZSE:002930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangdong Great River Smarter Logistics Co Ltd (SZSE:002930) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

South Bank of Danshui Estuary, 3rd Floor, Administrative Building, Sanjiang Company, Shatian Town, Guangdong Province, Dongguan City, CHN, 523000

Website

http://www.grsl.cc

Guangdong Great River Smarter Logistics Co Ltd operates as a logistics company. The firm provides warehouse, loading, unloading, barrel filling, and value-added services for petrochemical products. Its Logistics chain management services include operation of terminals, warehousing, international sea freight forwarding, land international freight forwarding, domestic freight forwarding, and warehousing agents. Its transit and other services mainly include services such as transfer, transfer, direct unloading of ships and ships, and replenishment of ships.

Executives

Lin Hai Chuan	Directors, executives
Gan Yi	Directors, executives
Li Xiao Li	Executives
Huang Yun Tao	Directors, executives
Liu Yan	Supervisors
Zhong Xiao	Supervisors

Guangdong Great River Smarter Logistics Co (SZSE:002930) Headlines

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