Shenzhen Wongtee International Enterprise Co (SZSE:200056) LT-Debt-to-Total-Asset : 0.08 (As of Mar. 2024)

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What is Shenzhen Wongtee International Enterprise 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 Wongtee International Enterprise Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.08.

Shenzhen Wongtee International Enterprise Co's long-term debt to total assets ratio increased from Mar. 2023 (0.03) to Mar. 2024 (0.08). It may suggest that Shenzhen Wongtee International Enterprise Co is progressively becoming more dependent on debt to grow their business.

Shenzhen Wongtee International Enterprise Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Wongtee International Enterprise 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 Wongtee International Enterprise Co LT-Debt-to-Total-Asset Chart

Shenzhen Wongtee International Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.07

0.03

0.08

Shenzhen Wongtee International Enterprise 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															0.03	0.03	0.03	0.08	0.08

Shenzhen Wongtee International Enterprise Co LT-Debt-to-Total-Asset Calculation

Shenzhen Wongtee International Enterprise 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 )
	=	796.304	/	9600.241
	=	0.08

Shenzhen Wongtee International Enterprise 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 )
	=	784.933	/	9553.793
	=	0.08

Shenzhen Wongtee International Enterprise Co (SZSE:200056) 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 Wongtee International Enterprise Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Wongtee International Enterprise Co (SZSE:200056) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Wongtee International Enterprise Co Ltd (SZSE:200056) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

000056:China

Address

Jintian Road, Huang Gang Business Centre, Unit 03, 58th Floor, Futian District, Guangdong Province, Shenzhen, CHN, 518100

Website

http://www.china-ia.com

Shenzhen Wongtee International Enterprise Co Ltd is a real estate development company. The firm is engaged in the business operation and management of its own shopping malls. In addition to the real estate operations, it is also involved in the provision of financial services and content services.

Executives

Zheng Kang Hao	Director
Xie Ru Xuan	Director

Shenzhen Wongtee International Enterprise Co (SZSE:200056) Headlines

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