CITAF (Cosco Shipping Development Co) LT-Debt-to-Total-Asset : 0.50 (As of Sep. 2024)

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What is Cosco Shipping Development 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. Cosco Shipping Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.50.

Cosco Shipping Development Co's long-term debt to total assets ratio increased from Sep. 2023 (0.48) to Sep. 2024 (0.50). It may suggest that Cosco Shipping Development Co is progressively becoming more dependent on debt to grow their business.

Cosco Shipping Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co LT-Debt-to-Total-Asset Chart

Cosco Shipping Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.44

0.35

0.34

0.44

0.46

Cosco Shipping Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.48	0.46	0.46	0.46	0.50

Cosco Shipping Development Co LT-Debt-to-Total-Asset Calculation

Cosco Shipping Development 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 )
	=	8094.785	/	17636.9
	=	0.46

Cosco Shipping Development Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	8761.531	/	17397.582
	=	0.50

Cosco Shipping Development Co (OTCPK:CITAF) 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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Cosco Shipping Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (OTCPK:CITAF) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

02866:Hong Kong EZ5:Germany 601866:China

Address

5299 Binjiang Dadao, Pudong New Area, Shanghai, CHN, 200127

Website

https://en.development.coscoshipping.com

COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services; the Container manufacturing segment, which manufactures and sells containers; the Investment management business segment, which focuses on equity or debt investment and insurance brokerage services.