Xinji Shaxi Group Co (HKSE:03603) LT-Debt-to-Total-Asset : 0.30 (As of Dec. 2023)

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What is Xinji Shaxi Group 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. Xinji Shaxi Group Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.30.

Xinji Shaxi Group Co's long-term debt to total assets ratio increased from Dec. 2022 (0.27) to Dec. 2023 (0.30). It may suggest that Xinji Shaxi Group Co is progressively becoming more dependent on debt to grow their business.

Xinji Shaxi Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinji Shaxi Group 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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Xinji Shaxi Group Co LT-Debt-to-Total-Asset Chart

Xinji Shaxi Group Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.24

0.27

0.30

Xinji Shaxi Group Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial								0.24	0.26	0.27	0.35	0.30

Xinji Shaxi Group Co LT-Debt-to-Total-Asset Calculation

Xinji Shaxi Group 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 )
	=	959.516	/	3209.454
	=	0.30

Xinji Shaxi Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	959.516	/	3209.454
	=	0.30

Xinji Shaxi Group Co (HKSE:03603) 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.

Xinji Shaxi Group Co LT-Debt-to-Total-Asset Related Terms

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Xinji Shaxi Group Co (HKSE:03603) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Xinji Shaxi Group Co Ltd (HKSE:03603) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

136–138 Austin Road, 3/F Golden Gate Commercial Building, Rooms 301–303, Tsim Sha Tsui, Kowloon, HKG

Website

https://www.xjsx.net.cn

Xinji Shaxi Group Co Ltd is engaged in managing owned and leased portfolio shopping mall which derives revenue from leasing floor areas to the tenants and providing comprehensive and continuous operation and management support to them in the PRC. It operates and manages hospitality supplies and home furnishing shopping malls, exhibition management services, and online shopping malls. The company has two operating segments which are Property leasing and Property management services of which it generates the majority of its revenue from Property leasing. Geographically the company operates in Hong Kong and the People's Republic of China.

Executives

Huang Wanyi
Mei Zuoting
Weixin Development Overseas Limited
Zhang Weixin
Zuoting Investment Limited
Cheung Hon Chuen
Honchuen Investment Limited
Lin Yi	2201 Interest of corporation controlled by you
Al Capital Holdings International Pte. Ltd.	2201 Interest of corporation controlled by you
Straits Universal Limited	2201 Interest of corporation controlled by you
Al Capital Funds Vcc For A/c Of Al Capital Global Opportunities Fund	2102 Investment manager
Honchuen Investment Limited	2101 Beneficial owner
Zhanpeng Investment (hongkong) Company Limited	2101 Beneficial owner
Huiqun Investment Limited	2101 Beneficial owner

Xinji Shaxi Group Co (HKSE:03603) Headlines

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