SITC International Holdings Co (HKSE:01308) LT-Debt-to-Total-Asset : 0.08 (As of Jun. 2024)

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What is SITC International Holdings 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. SITC International Holdings Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.08.

SITC International Holdings Co's long-term debt to total assets ratio declined from Jun. 2023 (0.11) to Jun. 2024 (0.08). It may suggest that SITC International Holdings Co is progressively becoming less dependent on debt to grow their business.

SITC International Holdings Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for SITC International Holdings 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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SITC International Holdings Co LT-Debt-to-Total-Asset Chart

SITC International Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.19

0.23

0.15

0.14

0.08

SITC International Holdings Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.11	0.08	0.08

SITC International Holdings Co LT-Debt-to-Total-Asset Calculation

SITC International Holdings 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 )
	=	1683.387	/	20715.206
	=	0.08

SITC International Holdings Co'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 )
	=	1677.939	/	22258.195
	=	0.08

SITC International Holdings Co (HKSE:01308) 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.

SITC International Holdings Co LT-Debt-to-Total-Asset Related Terms

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SITC International Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » SITC International Holdings Co Ltd (HKSE:01308) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

SITIY:USA SITIF:USA 7S8:Germany

Address

6-8 Harbour Road, 31/F, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.sitc.com

SITC International Holdings Co Ltd is a shipping company operating within Asia are principally engaged in the provision of integrated shipping logistics services, including the provision of container transportation, freight forwarding, shipping agency, depot, warehousing services, container vessel leasing, land leasing and other services. It has two reportable segments which are the container shipping and logistics segment, which is engaged in the provision of integrated logistics services, including the provision of container transportation, freight forwarding, shipping agency, depot and warehousing services. The dry bulk and others segment, which is engaged in the provision of dry bulk vessel leasing, land leasing and other services.

Executives

Jpmorgan Chase & Co.
Blackrock, Inc.	2201 Interest of corporation controlled by you
Yang Xianxiang	2101 Beneficial owner
Yang Xin	2305 Beneficiary of a trust
Yang Shaopeng	2307 Founder of a discretionary trust who can infl
Tmf (cayman) Ltd.	2301 Trustee
Resourceful Link Management Limited	2101 Beneficial owner
Liu Rongli	2202 Interest of your spouse
Better Master Limited	2201 Interest of corporation controlled by you
Yang Xianxiang	2201 Interest of corporation controlled by you
Jixiang Limited	2101 Beneficial owner
Yang Shaopeng	2201 Interest of corporation controlled by you

SITC International Holdings Co Headlines

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