Ningbo Zhongbai Co (SHSE:600857) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Ningbo Zhongbai 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. Ningbo Zhongbai Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Ningbo Zhongbai Co's long-term debt to total assets ratio stayed the same from Mar. 2023 (0.00) to Mar. 2024 (0.00).

Ningbo Zhongbai Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ningbo Zhongbai 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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Ningbo Zhongbai Co LT-Debt-to-Total-Asset Chart

Ningbo Zhongbai Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Ningbo Zhongbai 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															-	-	-	-	-

Ningbo Zhongbai Co LT-Debt-to-Total-Asset Calculation

Ningbo Zhongbai 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 )
	=	0	/	1014.355
	=	0.00

Ningbo Zhongbai 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 )
	=	0	/	975.507
	=	0.00

Ningbo Zhongbai Co (SHSE:600857) 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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Ningbo Zhongbai Co (SHSE:600857) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Ningbo Zhongbai Co Ltd (SHSE:600857) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 77, Heyi Road, 21st Floor, Haishu District, Zhejiang Province, Ningbo, CHN, 315000

Website

http://www.hitsc.com

Ningbo Zhongbai Co Ltd is engaged in wholesale and retail of commercial department stores. The company's business scope includes gold, jewelry, needle textiles, clothing, cosmetics, luggage, shoes and hats, daily necessities, handicrafts, toys, culture, sporting goods and equipment, machinery and equipment, hardware, household appliances, electronic products, communication equipment, construction and decoration materials, furniture wholesale, and others.

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