Shenzhen Seg Co (SZSE:000058) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)

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What is Shenzhen Seg 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. Shenzhen Seg Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Shenzhen Seg Co's long-term debt to total assets ratio declined from Mar. 2023 (0.13) to Mar. 2024 (0.13). It may suggest that Shenzhen Seg Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Seg Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Seg 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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Shenzhen Seg Co LT-Debt-to-Total-Asset Chart

Shenzhen Seg Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.24

0.14

0.13

Shenzhen Seg 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															0.13	0.13	0.13	0.13	0.13

Shenzhen Seg Co LT-Debt-to-Total-Asset Calculation

Shenzhen Seg 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 )
	=	680.677	/	5380.147
	=	0.13

Shenzhen Seg 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 )
	=	673.986	/	5351.979
	=	0.13

Shenzhen Seg Co (SZSE:000058) 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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Shenzhen Seg Co (SZSE:000058) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Seg Co Ltd (SZSE:000058) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

200058:China

Address

Huaqiang Road (North), 31st Floor, Tower A, Stars Plaza, Futian District, Shenzhen, CHN, 518028

Website

http://www.segcl.com.cn

Shenzhen Seg Co Ltd is a company that is engaged in the development and operation of electronics markets and supporting projects, property leasing services, commercial real estate business, microcredit business, budget hotel business, and trade and channel business. Its projects include the Children's amusement park project, Internet cafe and e-sports project, SEG-OURGAME e-sports stadium, Huizhou Stars SEG Holiday Plaza project, Xi'an SEG Plaza project.

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