Silk Road Logistics Holdings (HKSE:00988) LT-Debt-to-Total-Asset : 0.04 (As of Jun. 2023)

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What is Silk Road Logistics Holdings 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. Silk Road Logistics Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2023 was 0.04.

Silk Road Logistics Holdings's long-term debt to total assets ratio increased from Jun. 2022 (0.03) to Jun. 2023 (0.04). It may suggest that Silk Road Logistics Holdings is progressively becoming more dependent on debt to grow their business.

Silk Road Logistics Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Silk Road Logistics Holdings'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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Silk Road Logistics Holdings LT-Debt-to-Total-Asset Chart

Silk Road Logistics Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.02

0.03

0.05

Silk Road Logistics Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.03	0.04	0.05

Silk Road Logistics Holdings LT-Debt-to-Total-Asset Calculation

Silk Road Logistics Holdings's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	12.273	/	362.02
	=	0.03

Silk Road Logistics Holdings's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2023 is calculated as

LT Debt to Total Assets (Q: Jun. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2023 )	/	Total Assets (Q: Jun. 2023 )
	=	11.597	/	335.413
	=	0.03

Silk Road Logistics Holdings (HKSE:00988) 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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Silk Road Logistics Holdings (HKSE:00988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Silk Road Logistics Holdings Ltd (HKSE:00988) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

262 Gloucester Road, Room 1702, 17th Floor, COFCO Tower, Causeway Bay, Hong Kong, HKG

Website

http://www.silkroadlogistics.com.hk

Silk Road Logistics Holdings Ltd is an Investment Holding company. It operates through three segments namely the Commodities trading segment which is engaged in the trading of commodities; the Oil segment which operates in the exploration and production of oil as well as the provision of well-drilling services; and the Logistics segment is involved in the provision of transportation and warehousing services. The company generates the majority of its revenue from the People's Republic of China.

Silk Road Logistics Holdings (HKSE:00988) Headlines

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