Shengfeng Development (Shengfeng Development) Debt-to-Asset : 0.23 (As of Dec. 2023)

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What is Shengfeng Development Debt-to-Asset?

Shengfeng Development's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $50.9 Mil. Shengfeng Development's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $10.9 Mil. Shengfeng Development's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Dec. 2023 was $265.8 Mil. Shengfeng Development's debt to asset for the quarter that ended in Dec. 2023 was 0.23.

Shengfeng Development Debt-to-Asset Historical Data

The historical data trend for Shengfeng Development'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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Shengfeng Development Debt-to-Asset Chart

Shengfeng Development Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

0.33

0.31

0.23

Shengfeng Development Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Debt-to-Asset	Get a 7-Day Free Trial			0.31	0.34	0.31	0.29	0.23

Competitive Comparison of Shengfeng Development's Debt-to-Asset

For the Integrated Freight & Logistics subindustry, Shengfeng Development'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.

Shengfeng Development's Debt-to-Asset Distribution in the Transportation Industry

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

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

Shengfeng Development Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Shengfeng Development'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
	=	(50.916	+	10.899)	/	265.838
	=	0.23

Shengfeng Development'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
	=	(50.916	+	10.899)	/	265.838
	=	0.23

Shengfeng Development (NAS:SFWL) 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.

Shengfeng Development Debt-to-Asset Related Terms

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Shengfeng Development (Shengfeng Development) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shengfeng Development Ltd (NAS:SFWL) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 478 Fuxin East Road, Shengfeng Building, Jinan District,, Fuzhou City, CHN, 350001

Website

http://www.sfwl.com.cn

Shengfeng Development Ltd is a holding company. The firm through its subsidiaries engages in cargo warehousing, road transportation, and urban distribution. It offers contract logistics services comprising planning and designing supply chains, designing facilities, processing orders, collecting payments, managing inventories, and providing client services. Its integrated logistics solution services are comprised of three segments: B2B freight transportation; cloud storage; and value-added services.

Shengfeng Development (Shengfeng Development) Headlines

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