Qilu Expressway Co (HKSE:01576) LT-Debt-to-Total-Asset : 0.47 (As of Dec. 2024)

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What is Qilu 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. Qilu Expressway Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.47.

Qilu Expressway Co's long-term debt to total assets ratio increased from Dec. 2023 (0.46) to Dec. 2024 (0.47). It may suggest that Qilu Expressway Co is progressively becoming more dependent on debt to grow their business.

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

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

Qilu Expressway Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.42

0.35

0.34

0.46

0.47

Qilu Expressway Co Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial													0.34	0.37	0.46	0.52	0.47

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

Qilu Expressway Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	10496.916	/	22501.849
	=	0.47

Qilu Expressway Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	10496.916	/	22501.849
	=	0.47

Qilu Expressway Co (HKSE:01576) 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.

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

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Qilu Expressway Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Qilu Expressway Co Ltd (HKSE:01576) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

Z5E:Germany

Address

No. 7000, Jingshi East Road, Zone 3, Hanyu Financial & Business Centre, Room 2301, Block 4, High-tech Zone, Shandong Province, Jinan, CHN

Website

http://www.qlecl.com

Qilu Expressway Co Ltd is an expressway operator in Shandong province with the concession rights to construct, maintain, operate and management of the Jihe Expressway, the Deshang Expressway and the Shennan Expressway. It has only one reportable segment, Expressway Business. Its operations are located in Mainland China.

Executives

Citic Limited	2201 Interest of corporation controlled by you
Citic Group Corporation	2201 Interest of corporation controlled by you
Prudential Plc
Zhong Xin Bao Cheng Ren Shou Bao Xian You Xian Gong Si
Zhong Guo Hai Yun Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Guo Yuan Yang Hai Yun Ji Tuan You Xian Gong Si
Zhong Yuan Hai Yun Xiang Gang You Xian Gong Si
Shen Hua Guo Neng Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Guo Neng Dian Li Ji Shu Gong Cheng You Xian Gong Si	2101 Beneficial owner
Guo Jia Neng Yuan Tou Zi Ji Tuan You Xian Ze Ren Gong Si	2201 Interest of corporation controlled by you
Shan Dong Gao Su Ji Tuan You Xian Gong Si
Shan Dong Gao Su Gu Fen You Xian Gong Si	2101 Beneficial owner
Zhao Shang Ju Gong Lu Wang Luo Ke Ji Kong Gu Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you
Zhong Xin Sheng Rong You Xian Gong Si
Zhong Guo Zhong Xin Ji Tuan You Xian Gong Si

Qilu Expressway Co Headlines

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