Anhui Expressway Co (SHSE:600012) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is Anhui Expressway 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. Anhui Expressway Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Anhui Expressway Co's long-term debt to total assets ratio declined from Mar. 2023 (0.29) to Mar. 2024 (0.28). It may suggest that Anhui Expressway Co is progressively becoming less dependent on debt to grow their business.

Anhui Expressway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Anhui Expressway 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.

* Premium members only.

Anhui Expressway Co LT-Debt-to-Total-Asset Chart

Anhui Expressway 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

0.11

0.08

0.24

0.29

0.27

Anhui Expressway 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															0.29	0.28	0.27	0.27	0.28

Anhui Expressway Co LT-Debt-to-Total-Asset Calculation

Anhui Expressway 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 )
	=	5959.722	/	21738.743
	=	0.27

Anhui Expressway 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 )
	=	6331.588	/	22644.543
	=	0.28

Anhui Expressway Co (SHSE:600012) 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.

Anhui Expressway Co LT-Debt-to-Total-Asset Related Terms

Thank you for viewing the detailed overview of Anhui Expressway Co's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.

Anhui Expressway Co (SHSE:600012) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Anhui Expressway Co Ltd (SHSE:600012) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

AUHEF:USA 00995:Hong Kong HU7:Germany

Address

No. 520, West Wangjiang Road, Anhui, Hefei, CHN, 230088

Website

https://www.anhui-expressway.net

Anhui Expressway Co Ltd is engaged in the investment, construction, operation and management of toll roads within Anhui province. The Company acquires operating expressway assets through various means such as investment and construction, acquisition or cooperative operation. The Company provides toll service for vehicles, collects vehicles toll according to the charging standard and maintains, repairs and carries out safety maintenance for the operating expressways. All of the company's external revenue is derived from customers based in Mainland China.

Anhui Expressway Co (SHSE:600012) Headlines

No Headlines