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Fujian Highton Development Co (SHSE:603162) Debt-to-Asset : 0.14 (As of Mar. 2024)


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What is Fujian Highton Development Co Debt-to-Asset?

Fujian Highton Development Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥319 Mil. Fujian Highton Development Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥301 Mil. Fujian Highton Development Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥4,531 Mil. Fujian Highton Development Co's debt to asset for the quarter that ended in Mar. 2024 was 0.14.


Fujian Highton Development Co Debt-to-Asset Historical Data

The historical data trend for Fujian Highton Development Co'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.

* Premium members only.

Fujian Highton Development Co Debt-to-Asset Chart

Fujian Highton Development Co Annual Data
Trend Dec13 Dec14 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial 0.20 0.46 0.28 0.15 0.15

Fujian Highton Development Co Quarterly Data
Dec13 Jun14 Dec14 Jun15 Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.05 0.08 0.06 0.15 0.14

Competitive Comparison of Fujian Highton Development Co's Debt-to-Asset

For the Marine Shipping subindustry, Fujian Highton Development Co'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.


Fujian Highton Development Co's Debt-to-Asset Distribution in the Transportation Industry

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

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



Fujian Highton Development Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Fujian Highton Development Co'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
=(329.308 + 347.952) / 4532.362
=0.15

Fujian Highton Development Co's Debt-to-Asset for the quarter that ended in Mar. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(319.088 + 301.037) / 4530.588
=0.14

* 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.


Fujian Highton Development Co  (SHSE:603162) 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.


Fujian Highton Development Co Debt-to-Asset Related Terms

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Fujian Highton Development Co (SHSE:603162) Business Description

Traded in Other Exchanges
N/A
Address
Jinjingwan Business Operation Center, Room 1705-2, Floor 17, Building 3, Pingtan Comprehensive Experimental Zone, Fujian Province, CHN, 350401
Fujian Highton Development Co Ltd is mainly engaged in domestic coastal and international ocean shipping of dry bulk cargo.
Executives
Zheng Yu Fang Directors, senior managers
Ceng Er Bin Director
Le Jun Jie Director
Huang Tian Tian senior management
Liu Guo Yong Directors, senior managers

Fujian Highton Development Co (SHSE:603162) Headlines

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