Chinatesta Textile Testing and Certification Services Co (BJSE:873122) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Chinatesta Textile Testing and Certification Services Co 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. Chinatesta Textile Testing and Certification Services Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Chinatesta Textile Testing and Certification Services Co's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.06). It may suggest that Chinatesta Textile Testing and Certification Services Co is progressively becoming more dependent on debt to grow their business.

Chinatesta Textile Testing and Certification Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chinatesta Textile Testing and Certification Services Co'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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Chinatesta Textile Testing and Certification Services Co LT-Debt-to-Total-Asset Chart

Chinatesta Textile Testing and Certification Services Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.02

0.05

0.06

Chinatesta Textile Testing and Certification Services Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.06	0.09	0.06	0.06

Chinatesta Textile Testing and Certification Services Co LT-Debt-to-Total-Asset Calculation

Chinatesta Textile Testing and Certification Services Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	26.253	/	422.03
	=	0.06

Chinatesta Textile Testing and Certification Services Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	23.731	/	420.332
	=	0.06

Chinatesta Textile Testing and Certification Services Co (BJSE:873122) 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.

Chinatesta Textile Testing and Certification Services Co LT-Debt-to-Total-Asset Related Terms

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Chinatesta Textile Testing and Certification Services Co (BJSE:873122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chinatesta Textile Testing and Certification Services Co Ltd (BJSE:873122) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Yanjingli Middle Street, Balizhuang Street, Chaoyang District, Beijing, CHN, 100025

Website

https://www.cttc.net.cn

Chinatesta Textile Testing and Certification Services Co Ltd is engaged in the research and revision of textile standards, inspection, testing, and certification of textile and light industrial products, research and development and management of test consumables, and calibration of textile instruments.

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