Shenzhen Expressway (Shenzhen Expressway) LT-Debt-to-Total-Asset : 0.25 (As of Dec. 2023)

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What is Shenzhen Expressway 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. Shenzhen Expressway's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.25.

Shenzhen Expressway's long-term debt to total assets ratio increased from Dec. 2022 (0.22) to Dec. 2023 (0.25). It may suggest that Shenzhen Expressway is progressively becoming more dependent on debt to grow their business.

Shenzhen Expressway LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Expressway'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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Shenzhen Expressway LT-Debt-to-Total-Asset Chart

Shenzhen Expressway Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.30

0.19

0.24

0.22

0.25

Shenzhen Expressway Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.22	0.22	0.22	0.24	0.25

Shenzhen Expressway LT-Debt-to-Total-Asset Calculation

Shenzhen Expressway'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 )
	=	2349.013	/	9454.563
	=	0.25

Shenzhen Expressway's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2349.013	/	9454.563
	=	0.25

Shenzhen Expressway (OTCPK:SHZNY) 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.

Shenzhen Expressway LT-Debt-to-Total-Asset Related Terms

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Shenzhen Expressway (Shenzhen Expressway) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Expressway Corp Ltd (OTCPK:SHZNY) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

00548:Hong Kong SHZH:Germany 600548:China

Address

Hanking Center Tower, Yuehai Street, No. 9968, Floor 46, Shennan Avenue, Nanshan District, Shenzhen, CHN, 518026

Website

https://www.sz-expressway.com

Shenzhen Expressway Corp Ltd, formerly Shenzhen Expressway Co Ltd constructs, operates, and maintains toll highways, roads, and urban infrastructure. The group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment engages in the operation and management of environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the Toll segment.

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