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CSSC (Hong Kong) Shipping Co (HKSE:03877) LT-Debt-to-Total-Asset : 0.70 (As of Dec. 2023)


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What is CSSC (Hong Kong) Shipping 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. CSSC (Hong Kong) Shipping Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.70.

CSSC (Hong Kong) Shipping Co's long-term debt to total assets ratio increased from Dec. 2022 (0.69) to Dec. 2023 (0.70). It may suggest that CSSC (Hong Kong) Shipping Co is progressively becoming more dependent on debt to grow their business.

CSSC (Hong Kong) Shipping Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CSSC (Hong Kong) Shipping 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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CSSC (Hong Kong) Shipping Co LT-Debt-to-Total-Asset Chart

CSSC (Hong Kong) Shipping Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial 0.67 0.67 0.73 0.69 0.70

CSSC (Hong Kong) Shipping Co Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 0.73 0.70 0.69 0.66 0.70

CSSC (Hong Kong) Shipping Co LT-Debt-to-Total-Asset Calculation

CSSC (Hong Kong) Shipping 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 )
=31357.383/45143.559
=0.69

CSSC (Hong Kong) Shipping 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 )
=31357.383/45143.559
=0.69

* 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.

CSSC (Hong Kong) Shipping Co  (HKSE:03877) 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.

CSSC (Hong Kong) Shipping Co LT-Debt-to-Total-Asset Related Terms

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CSSC (Hong Kong) Shipping Co (HKSE:03877) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CSSC (Hong Kong) Shipping Co Ltd (HKSE:03877) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
HKSE:01341 HKSE:01848 HKSE:00254 HKSE:00936 HKSE:01496 HKSE:08425 HKSE:01581 HKSE:08612 HKSE:02588 URI LSE:AHT AER BSP:RENT3 UHAL WSC CAR XPAR:ALD TSX:EFN TSE:8439 R
Traded in Other Exchanges
3LL:Germany
Address
19 Des Voeux Road Central, Room 1801, 18th Floor, World-wide House, Hong Kong, HKG
Website
https://www.csscshipping.cn
CSSC (Hong Kong) Shipping Co Ltd is a shipyard-affiliated leasing company in Greater China. As a player in the ship leasing industry, it offers customized ship leasing solutions that suit customers' different needs. The core business of the group is the provision of leasing services, which include finance leases and operating leases. It operates through the below segments: Leasing services, Shipbroking services, and Loan borrowings. The Leasing services segment that derives the majority of revenue provides Leasing services.
Executives
Central Huijin Investment Ltd. 2201 Interest of corporation controlled by you
China Re Asset Management (hong Kong) Company Limited 2102 Investment manager
Zhong Guo Zai Bao Xian Ji Tuan Gu Fen You Xian Gong Si 2101 Beneficial owner
Cssc International Holding Company Limited 2101 Beneficial owner
State-owned Assets Supervision And Administration Commission 2201 Interest of corporation controlled by you
Zhong Guo Chuan Bo Gong Ye Ji Tuan You Xian Gong Si 2201 Interest of corporation controlled by you

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