Bomesc Offshore Engineering Co (SHSE:603727) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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

Bomesc Offshore Engineering Co's long-term debt to total assets ratio declined from Mar. 2023 (0.04) to Mar. 2024 (0.00). It may suggest that Bomesc Offshore Engineering Co is progressively becoming less dependent on debt to grow their business.

Bomesc Offshore Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Bomesc Offshore Engineering 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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Bomesc Offshore Engineering Co LT-Debt-to-Total-Asset Chart

Bomesc Offshore Engineering Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.04

Bomesc Offshore Engineering 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															0.04	-	-	-	-

Bomesc Offshore Engineering Co LT-Debt-to-Total-Asset Calculation

Bomesc Offshore Engineering 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	/	4800.176
	=	0.00

Bomesc Offshore Engineering 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	/	4605.851
	=	0.00

Bomesc Offshore Engineering Co (SHSE:603727) 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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Bomesc Offshore Engineering Co (SHSE:603727) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Bomesc Offshore Engineering Co Ltd (SHSE:603727) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 14, Fourth Avenue, Tianjin Economic and Technological Development Zone, Tianjin, CHN, 300457

Website

http://www.bomesc.com

Bomesc Offshore Engineering Co Ltd is an engineering, procurement and construction company. The company targets domestic and international markets and focuses on high-end customers in marine oil and gas development, mining, and natural gas liquefaction industries. Its main products are divided into marine oil and gas development modules and mining models. In addition, the company provides energy resources facilities for at home and abroad in the fields of offshore oil and gas development, mining and natural gas liquefaction.

Executives

Shi Lei

Director

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