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Zhongshen Jianye Holding (HKSE:02503) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)


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What is Zhongshen Jianye Holding 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. Zhongshen Jianye Holding's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

Zhongshen Jianye Holding's long-term debt to total assets ratio increased from Jun. 2023 (0.00) to Jun. 2024 (0.02). It may suggest that Zhongshen Jianye Holding is progressively becoming more dependent on debt to grow their business.

Zhongshen Jianye Holding LT-Debt-to-Total-Asset Historical Data

The historical data trend for Zhongshen Jianye Holding'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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Zhongshen Jianye Holding LT-Debt-to-Total-Asset Chart

Zhongshen Jianye Holding Annual Data
Trend Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
- - - 0.02

Zhongshen Jianye Holding Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial - - - 0.02 0.02

Zhongshen Jianye Holding LT-Debt-to-Total-Asset Calculation

Zhongshen Jianye Holding'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 )
=28.844/1840.519
=0.02

Zhongshen Jianye Holding'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 )
=26.733/1652.869
=0.02

* 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.

Zhongshen Jianye Holding  (HKSE:02503) 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.

Zhongshen Jianye Holding LT-Debt-to-Total-Asset Related Terms

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Zhongshen Jianye Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Zhongshen Jianye Holding Ltd (HKSE:02503) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
Traded in Other Exchanges
N/A
Address
the southeast side of the intersection of Guangming Avenue and Dongchang Road, Nos. 615–616, Block 2, Nam Tai Inno Park, Guangming, Guangdong, Shenzhen, CHN
Website
Zhongshen Jianye Holding Ltd is a growing private general contracting construction enterprise in the PRC and has been granted first-grade construction contracting qualifications, including the first-grade qualification in building construction general contracting; the first-grade qualification in municipal and public construction general construction; the first-grade qualification in foundation construction specialized contracting; the first-grade qualification in building electrical & mechanical installation and engineering specialized contracting; and the first-grade qualification in building renovation and decoration construction specialized contracting. It has strategically focused and placed efforts on municipal and public construction works in Guangdong.
Executives
Sang Xianfeng 2201 Interest of corporation controlled by you
Zhong Shen Heng Tai Zi Ben You Xian Gong Si 2101 Beneficial owner
Jin Wei 2202 Interest of your spouse
Xian Yurong 2201 Interest of corporation controlled by you
Zhong Shen Chi Tai Zi Ben You Xian Gong Si 2101 Beneficial owner
Hou Ling 2201 Interest of corporation controlled by you
Wang Jing 2202 Interest of your spouse
Xin Yao Tou Zi You Xian Gong Si 2101 Beneficial owner

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