Shanghai Jin Jiang Capital Co (HKSE:02006) LT-Debt-to-Total-Asset : 0.29 (As of Dec. 2021)

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What is Shanghai Jin Jiang Capital 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. Shanghai Jin Jiang Capital Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2021 was 0.29.

Shanghai Jin Jiang Capital Co's long-term debt to total assets ratio declined from Dec. 2020 (0.40) to Dec. 2021 (0.29). It may suggest that Shanghai Jin Jiang Capital Co is progressively becoming less dependent on debt to grow their business.

Shanghai Jin Jiang Capital Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Jin Jiang Capital 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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Shanghai Jin Jiang Capital Co LT-Debt-to-Total-Asset Chart

Shanghai Jin Jiang Capital Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

LT-Debt-to-Total-Asset

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0.32

0.30

0.39

0.40

0.29

Shanghai Jin Jiang Capital Co Semi-Annual Data
	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.39	0.41	0.40	0.30	0.29

Shanghai Jin Jiang Capital Co LT-Debt-to-Total-Asset Calculation

Shanghai Jin Jiang Capital Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (A: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2021 )	/	Total Assets (A: Dec. 2021 )
	=	22712.441	/	79676.181
	=	0.29

Shanghai Jin Jiang Capital Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2021 is calculated as

LT Debt to Total Assets (Q: Dec. 2021 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2021 )	/	Total Assets (Q: Dec. 2021 )
	=	22712.441	/	79676.181
	=	0.29

Shanghai Jin Jiang Capital Co (HKSE:02006) 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.

Shanghai Jin Jiang Capital Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Jin Jiang Capital Co (HKSE:02006) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang Capital Co Ltd (HKSE:02006) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

XTAE:FTAL HKSE:00041 SGX:M04 HKSE:00045 XMAD:NHH XMAD:MEL XTAE:ISRO MCG OSTO:PNDX B HKSE:00069

Traded in Other Exchanges

N/A

Address

No. 100 Yan’an East Road, 26th Floor, Union Building, Shanghai, CHN, 200002

Website

http://www.jinjiangcapital.com

Shanghai Jin Jiang Capital Co Ltd is a hotel group in China, principally engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. Its segment includes Full-Service Hotels; Select Service Hotels- Managed and operated in Mainland China; Select Service Hotels- Managed and operated overseas; Food and Restaurants; Passenger Transportation Vehicles and Logistics; Travel Agency and Other Operations. The group generates a majority of its revenue from the Select Service Hotels- Managed and operated in Mainland China.

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