Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Shenzhen New Land Tool Planning and Architectural Design 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 New Land Tool Planning and Architectural Design Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Shenzhen New Land Tool Planning and Architectural Design Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.00). It may suggest that Shenzhen New Land Tool Planning and Architectural Design Co is progressively becoming less dependent on debt to grow their business.

Shenzhen New Land Tool Planning and Architectural Design Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen New Land Tool Planning and Architectural Design 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 New Land Tool Planning and Architectural Design Co LT-Debt-to-Total-Asset Chart

Shenzhen New Land Tool Planning and Architectural Design Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.19

Shenzhen New Land Tool Planning and Architectural Design 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															0.19	0.01	-	-	-

Shenzhen New Land Tool Planning and Architectural Design Co LT-Debt-to-Total-Asset Calculation

Shenzhen New Land Tool Planning and Architectural Design 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 )
	=	0.273	/	1700.469
	=	0.00

Shenzhen New Land Tool Planning and Architectural Design 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 )
	=	0.417	/	1585.808
	=	0.00

Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) 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 New Land Tool Planning and Architectural Design Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen New Land Tool Planning and Architectural Design Co (SZSE:300778) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen New Land Tool Planning and Architectural Design Co Ltd (SZSE:300778) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

39 Qinglin Middle Road, 10th-12th Floor, New City Building, Central City, Longgang District, Guangdong, Shenzhen, CHN, 518172

Website

http://www.nlt.com.cn

Shenzhen New Land Tool Planning and Architectural Design Co Ltd is a national high-tech enterprise with comprehensive consulting and design institution in China. It is committed towards creating a systematic solution platform for urban construction, providing urban planning, architectural design, municipal design, comprehensive transportation planning, low carbon urban construction planning, landscape architecture design, land preparation and comprehensive development consulting services.

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