Jiangsu Expressway Co (FRA:JE2) LT-Debt-to-Total-Asset : 0.35 (As of Dec. 2023)

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What is Jiangsu Expressway 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. Jiangsu Expressway Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.35.

Jiangsu Expressway Co's long-term debt to total assets ratio increased from Dec. 2022 (0.33) to Dec. 2023 (0.35). It may suggest that Jiangsu Expressway Co is progressively becoming more dependent on debt to grow their business.

Jiangsu Expressway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu Expressway 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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Jiangsu Expressway Co LT-Debt-to-Total-Asset Chart

Jiangsu Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.17

0.22

0.30

0.33

0.35

Jiangsu Expressway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.33	0.33	0.32	0.35	0.35

Jiangsu Expressway Co LT-Debt-to-Total-Asset Calculation

Jiangsu Expressway 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 )
	=	3525.576	/	10102.314
	=	0.35

Jiangsu Expressway Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	3525.576	/	10102.314
	=	0.35

Jiangsu Expressway Co (FRA:JE2) 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.

Jiangsu Expressway Co LT-Debt-to-Total-Asset Related Terms

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Jiangsu Expressway Co (FRA:JE2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Jiangsu Expressway Co Ltd (FRA:JE2) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

JEXYY:USA JEXYF:USA 00177:Hong Kong JE2:Germany 600377:China

Address

6 Xianlin Avenue, Jiangsu Province, Nanjing, CHN, 210049

Website

http://www.jsexpressway.com

Jiangsu Expressway Co Ltd is principally engaged in the investment, construction, operation and management of toll roads and bridges in Jiangsu Province and the development of service areas along expressways. It operates through the following segments: Shanghai-Nanjing Expressway is a key revenue driver, Guangjing Expressway, and Xicheng Expressway, Xiyi Expressway and Wuxi Huantaihu Expressway, Ningchang Expressway and Zhenli Expressway, Zhendan Expressway, Wufengshan Expressway, Changyi Expressway, Yichang Expressway, Longtan Bridge, Ancillary services, Real estate development, sales of electricity and advertising and others.

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