CSSC (Hong Kong) Shipping Co (HKSE:03877) Liabilities-to-Assets : 0.72 (As of Dec. 2023)

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What is CSSC (Hong Kong) Shipping Co Liabilities-to-Assets?

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities, calculated as total liabilities divided by total asset. CSSC (Hong Kong) Shipping Co's Total Liabilities for the quarter that ended in Dec. 2023 was HK$32,314 Mil. CSSC (Hong Kong) Shipping Co's Total Assets for the quarter that ended in Dec. 2023 was HK$45,144 Mil. Therefore, CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 was 0.72.

CSSC (Hong Kong) Shipping Co Liabilities-to-Assets Historical Data

The historical data trend for CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets 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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CSSC (Hong Kong) Shipping Co Liabilities-to-Assets Chart

CSSC (Hong Kong) Shipping Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Liabilities-to-Assets

Get a 7-Day Free Trial

0.70

0.71

0.75

0.71

0.72

CSSC (Hong Kong) Shipping Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Liabilities-to-Assets	Get a 7-Day Free Trial									0.75	0.74	0.71	0.70	0.72

Competitive Comparison of CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets

For the Rental & Leasing Services subindustry, CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets, along with its competitors' market caps and Liabilities-to-Assets 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.

CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets distribution charts can be found below:

* The bar in red indicates where CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets falls into.

CSSC (Hong Kong) Shipping Co Liabilities-to-Assets Calculation

Liabilities-to-Assets ratio measures the portion of the total liabilities to the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Liabilities-to-Assets ratio is calculated by dividing total liabilities by total asset.

CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets Ratio for the fiscal year that ended in Dec. 2023 is calculated as:

Liabilities-to-Assets (A: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	32313.648	/	45143.559
	=	0.72

CSSC (Hong Kong) Shipping Co's Liabilities-to-Assets Ratio for the quarter that ended in Dec. 2023 is calculated as

Liabilities-to-Assets (Q: Dec. 2023 )	=	Total Liabilities	/	Total Assets
	=	32313.648	/	45143.559
	=	0.72

CSSC (Hong Kong) Shipping Co (HKSE:03877) Liabilities-to-Assets Explanation

Liabilities-to-Assets is a solvency ratio indicating how much of the company’s assets are made of liabilities. It can vary greatly across different industries, as they have different capital structure. A high Liabilities-to-Assets ratio (more leveraged) suggests that the company might have potential solvency problems, or even a signal of financial distress. Conversely, a low Liabilities-to-Assets ratio usually indicates a healthy financial situation. However, it may also suggest that the company is not expanding or not making good use of debt.

CSSC (Hong Kong) Shipping Co Liabilities-to-Assets Related Terms

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CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » Liabilities-to-Assets

Comparable Companies

Traded in Other Exchanges

3LL:Germany

Address

19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG

Website

https://www.csscshipping.cn

CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.

Executives

Central Huijin Investment Ltd.	2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited	2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si	2101 Beneficial owner
Cssc International Holding Company Limited	2101 Beneficial owner
State-owned Assets Supervision And Administration Commission	2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

CSSC (Hong Kong) Shipping Co (HKSE:03877) Headlines

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