BBMG (HKSE:02009) LT-Debt-to-Total-Asset : 0.23 (As of Mar. 2024)

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What is BBMG 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. BBMG's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.23.

BBMG's long-term debt to total assets ratio increased from Mar. 2023 (0.19) to Mar. 2024 (0.23). It may suggest that BBMG is progressively becoming more dependent on debt to grow their business.

BBMG LT-Debt-to-Total-Asset Historical Data

The historical data trend for BBMG'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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BBMG LT-Debt-to-Total-Asset Chart

BBMG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.23

0.24

0.22

0.21

0.18

BBMG Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.19	0.21	0.21	0.18	0.23

BBMG LT-Debt-to-Total-Asset Calculation

BBMG'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 )
	=	53969.39	/	294969.348
	=	0.18

BBMG's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	69377.145	/	296699.026
	=	0.23

BBMG (HKSE:02009) 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.

BBMG LT-Debt-to-Total-Asset Related Terms

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BBMG (HKSE:02009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » BBMG Corp (HKSE:02009) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

9BM:Germany 601992:China

Address

No. 36, North Third Ring Road East, 22nd Floor, Tower D, Global Trade Center, Dongcheng District, Beijing, CHN, 100013

Website

http://www.bbmg.com.cn

BBMG Corp is a manufacturer of building materials. The company operates four business segments: cement, building materials and commerce and logistics, property development, and property investment and management. BBMG provides cement and construction materials used in key construction projects and infrastructure constructions in the People's Republic of China, along with modern building materials such as furniture and fitting materials. The firm also develops property in Beijing and other large Chinese cities.

Executives

Ouyang Jieliang

BBMG (HKSE:02009) Headlines

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