Ganglong China Property Group (FRA:52J) LT-Debt-to-Total-Asset : 0.05 (As of Jun. 2024)

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What is Ganglong China Property 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. Ganglong China Property Group's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.05.

Ganglong China Property Group's long-term debt to total assets ratio declined from Jun. 2023 (0.07) to Jun. 2024 (0.05). It may suggest that Ganglong China Property Group is progressively becoming less dependent on debt to grow their business.

Ganglong China Property Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Ganglong China Property 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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Ganglong China Property Group LT-Debt-to-Total-Asset Chart

Ganglong China Property Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.06

0.12

0.09

0.07

Ganglong China Property Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial									0.09	0.07	0.07	0.05	0.07

Ganglong China Property Group LT-Debt-to-Total-Asset Calculation

Ganglong China Property Group'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 )
	=	266.543	/	4059.397
	=	0.07

Ganglong China Property Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	180.42	/	3641.751
	=	0.05

Ganglong China Property Group (FRA:52J) 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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Ganglong China Property Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganglong China Property Group Ltd (FRA:52J) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

06968:Hong Kong

Address

No. 2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Miuhang District, Shanghai, CHN

Website

https://www.glchina.group

Ganglong China Property Group Ltd is an investment holding company engaged in property development. It develops residential, retail, and commercial properties. The majority of its revenue comes from sales of properties in Changzhou city.

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