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Cosco Shipping Development Co (HKSE:02866) LT-Debt-to-Total-Asset : 0.46 (As of Mar. 2024)


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What is Cosco Shipping Development 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. Cosco Shipping Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.46.

Cosco Shipping Development Co's long-term debt to total assets ratio declined from Mar. 2023 (0.50) to Mar. 2024 (0.46). It may suggest that Cosco Shipping Development Co is progressively becoming less dependent on debt to grow their business.

Cosco Shipping Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cosco Shipping Development 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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Cosco Shipping Development Co LT-Debt-to-Total-Asset Chart

Cosco Shipping Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.44 0.35 0.34 0.44 0.46

Cosco Shipping Development Co 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.50 0.49 0.48 0.46 0.46

Cosco Shipping Development Co LT-Debt-to-Total-Asset Calculation

Cosco Shipping Development 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 )
=63218.652/137740.658
=0.46

Cosco Shipping Development Co'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 )
=62861.048/136114.752
=0.46

* 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.

Cosco Shipping Development Co  (HKSE:02866) 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.

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Cosco Shipping Development Co (HKSE:02866) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Cosco Shipping Development Co Ltd (HKSE:02866) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:600685 SHSE:688297 SHSE:600879 SZSE:000738 SHSE:688563 SHSE:600118 SHSE:600038 SHSE:688281 SZSE:002389 SZSE:300775 GE RTX XPAR:AIR LMT BA XPAR:SAF GD NOC TDG LSE:BA.
Traded in Other Exchanges
CITAY:USA CITAF:USA EZ5:Germany 601866:China
Address
Room A-538, International Trade Building, Pilot Free Trade Zone, Shanghai, CHN, 200127
Website
https://www.cscl.com.cn
COSCO SHIPPING Development Co Ltd is a China-based company operating and managing container shipping. Its services include container transportation, vessel chartering, cargo canvassing and booking, customs clearance, depot services, container construction, sales, purchase, and vessel management. The operating business segments are the Shipping and industry-related leasing segment, which renders vessel chartering, container leasing, and finance lease services, the Container manufacturing segment, which manufactures and sells containers, Investment and services segment, which focuses on equity or debt investment and insurance brokerage services; and Other businesses segment comprises, principally, cargo and liner agency services.

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