China Resources and Transportation Group (FRA:ZP3C) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2022)

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What is China Resources and Transportation Group 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 Resources and Transportation Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2022 was 0.01.

China Resources and Transportation Group's long-term debt to total assets ratio declined from Sep. 2021 (0.03) to Sep. 2022 (0.01). It may suggest that China Resources and Transportation Group is progressively becoming less dependent on debt to grow their business.

China Resources and Transportation Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Resources and Transportation Group'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 Resources and Transportation Group LT-Debt-to-Total-Asset Chart

China Resources and Transportation Group Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

LT-Debt-to-Total-Asset

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0.65

0.68

0.06

0.05

0.02

China Resources and Transportation Group Semi-Annual Data
	Mar13	Sep13	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.06	0.05	0.03	0.02	0.01

China Resources and Transportation Group LT-Debt-to-Total-Asset Calculation

China Resources and Transportation Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2022 is calculated as

LT Debt to Total Assets (A: Mar. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2022 )	/	Total Assets (A: Mar. 2022 )
	=	17.546	/	1126.901
	=	0.02

China Resources and Transportation Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2022 is calculated as

LT Debt to Total Assets (Q: Sep. 2022 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2022 )	/	Total Assets (Q: Sep. 2022 )
	=	15.488	/	1188.835
	=	0.01

China Resources and Transportation Group (FRA:ZP3C) 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 Resources and Transportation Group LT-Debt-to-Total-Asset Related Terms

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China Resources and Transportation Group (FRA:ZP3C) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Resources and Transportation Group Ltd (FRA:ZP3C) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

145 Hennessy Road, 22nd Floor, On Hong Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.crtg.com.hk

China Resources and Transportation Group Ltd is a China-based company. It operates through various business segments that are Expressway Operations, which includes operations, management, maintenance and auxiliary facility investment of Zhunxing Expressway; CNG gas stations operation includes operation of CNG gas stations; and Other Operations, which includes sales of timber logs from forest concession, tree plantation area and outside suppliers, sales of seedlings and refined plant oil. The Expressway Operations segment generates maximum revenue for the company. Geographically, the company has business operations in China, Hong Kong and Australia.

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