Canggang Railway (HKSE:02169) Debt-to-Asset : 0.37 (As of Dec. 2023)

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What is Canggang Railway Debt-to-Asset?

Canggang Railway's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$221.0 Mil. Canggang Railway's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was HK$317.9 Mil. Canggang Railway's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was HK$1,450.3 Mil. Canggang Railway's debt to asset for the quarter that ended in Dec. 2023 was 0.37.

Canggang Railway Debt-to-Asset Historical Data

The historical data trend for Canggang Railway's Debt-to-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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Canggang Railway Debt-to-Asset Chart

Canggang Railway Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.47

0.35

0.29

0.35

0.37

Canggang Railway Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial						0.29	0.36	0.35	0.37	0.37

Competitive Comparison of Canggang Railway's Debt-to-Asset

For the Railroads subindustry, Canggang Railway's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Canggang Railway's Debt-to-Asset Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Canggang Railway's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Canggang Railway's Debt-to-Asset falls into.

Canggang Railway Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Canggang Railway's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(221.023	+	317.943)	/	1450.332
	=	0.37

Canggang Railway's Debt-to-Asset for the quarter that ended in Dec. 2023 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(221.023	+	317.943)	/	1450.332
	=	0.37

Canggang Railway (HKSE:02169) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Canggang Railway Debt-to-Asset Related Terms

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Canggang Railway (HKSE:02169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Canggang Railway Ltd (HKSE:02169) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangzhuang Station, Yangerzhuang Town, Huanghua, Hebei Province, Cangzhou, CHN

Website

https://www.czcgtl.com

Canggang Railway Ltd is a local railway operator based in Hebei Province. The company operates in two segments, rail freight transportation services, and other ancillary services, including loading and unloading, road freight transportation, construction, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction, and certain other businesses. It operates one railway, the Canggang Railway Line, which connects the Shuo-Huang Railway Line and the Han-Huang Railway Line with the Bohai New Area in Cangzhou. Its railway line also connects the Beijing-Shanghai Railway Line. The company earns its revenue from rail freight transportation services.

Executives

Zhong Guo Ren Shou Zi Chan Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Ren Shou Bao Xian Ji Tuan Gong Si	2201 Interest of corporation controlled by you
Guo Shou An Bao Ji Jin Guan Li You Xian Gong Si	2501 Other
Guo Shou An Bao Hai Wai Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Zhang Lijie	2201 Interest of corporation controlled by you
Zhang Lihuan	2201 Interest of corporation controlled by you
Zhang Ning	2201 Interest of corporation controlled by you
Zhang Ruiqiu	2201 Interest of corporation controlled by you
Zhang Weiwei	2202 Interest of your spouse
Zhang Xiaogeng	2201 Interest of corporation controlled by you
Zhang Xiaosuo	2201 Interest of corporation controlled by you
Zhang Xiaoxia	2202 Interest of your spouse
Zhang Yanfeng	2201 Interest of corporation controlled by you
Zhou Qiuju	2202 Interest of your spouse

Canggang Railway (HKSE:02169) Headlines

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