ATXG (Addentax Group) LT-Debt-to-Total-Asset : 0.43 (As of Dec. 2024)

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What is Addentax Group 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. Addentax Group's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.43.

Addentax Group's long-term debt to total assets ratio increased from Dec. 2023 (0.40) to Dec. 2024 (0.43). It may suggest that Addentax Group is progressively becoming more dependent on debt to grow their business.

Addentax Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Addentax Group'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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Addentax Group LT-Debt-to-Total-Asset Chart

Addentax Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

LT-Debt-to-Total-Asset

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0.17

0.33

0.21

0.28

0.41

Addentax Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.40	0.41	0.42	0.44	0.43

Addentax Group LT-Debt-to-Total-Asset Calculation

Addentax Group's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (A: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2024 )	/	Total Assets (A: Mar. 2024 )
	=	21.422	/	52.339
	=	0.41

Addentax Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	21.065	/	49.567
	=	0.42

Addentax Group (NAS:ATXG) 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.

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Addentax Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Addentax Group Corp (NAS:ATXG) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Kingkey 100, Block A, Room 4805, Luohu District, Shenzhen, CHN, 518000

Website

http://www.addentax.com

Addentax Group Corp is an investment holding company. The company through its operating subsidiaries functions in the following segments; Garment manufacturing; Logistics services; Property management and subleasing. It generates maximum revenue from the Logistics services segment which provides logistics services including storage, transportation, warehousing, handling, packaging, and order processing. It also provides customs declaration and tax clearance services to its customers who export goods overseas. Geographically, the company derives all of its revenue from China.