Xinjiang Communications Construction Group Co (SZSE:002941) LT-Debt-to-Total-Asset : 0.31 (As of Mar. 2024)

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What is Xinjiang Communications Construction 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. Xinjiang Communications Construction Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.31.

Xinjiang Communications Construction Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.28) to Mar. 2024 (0.31). It may suggest that Xinjiang Communications Construction Group Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Communications Construction Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Communications Construction 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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Xinjiang Communications Construction Group Co LT-Debt-to-Total-Asset Chart

Xinjiang Communications Construction Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.26

0.21

0.24

0.28

Xinjiang Communications Construction 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															0.28	0.26	0.28	0.28	0.31

Xinjiang Communications Construction Group Co LT-Debt-to-Total-Asset Calculation

Xinjiang Communications Construction 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 )
	=	5442.948	/	19355.898
	=	0.28

Xinjiang Communications Construction 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 )
	=	5547.439	/	17882.403
	=	0.31

Xinjiang Communications Construction Group Co (SZSE:002941) 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.

Xinjiang Communications Construction Group Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Communications Construction Group Co (SZSE:002941) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xinjiang Communications Construction Group Co Ltd (SZSE:002941) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 229, Lushan Road, Economic and Technological Development Zone, Xinjiang, Urumqi, CHN

Website

http://www.xjjtjt.com

Xinjiang Communications Construction Group Co Ltd operates as a transportation infrastructure construction industry in Xinjiang. It mainly focuses on highways, bridges, traffic safety facilities, technology maintenance, road and bridge test, and other business projects. The company operates in four business areas including infrastructure business, overseas business, material logistics business, and other business.

Executives

Lin Qiang	Directors, executives
Wang Cheng	Directors, executives
Yu Hong Yin	Director
Shen Jin Sheng	Director
Sui Shao Xin	Director
Huang Yong	Executives
Xiong Gang	Executives
Sai Li Ke A Wu Ha Li	Executives
Ceng Xue Yu	Executives
Zhu Tian Shan	Director
Hu Zhong Dong	Supervisors

Xinjiang Communications Construction Group Co (SZSE:002941) Headlines

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