Nanjing Gaoke Co (SHSE:600064) LT-Debt-to-Total-Asset : 0.07 (As of Sep. 2024)

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What is Nanjing Gaoke 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. Nanjing Gaoke Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.07.

Nanjing Gaoke Co's long-term debt to total assets ratio increased from Sep. 2023 (0.04) to Sep. 2024 (0.07). It may suggest that Nanjing Gaoke Co is progressively becoming more dependent on debt to grow their business.

Nanjing Gaoke Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Gaoke 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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Nanjing Gaoke Co LT-Debt-to-Total-Asset Chart

Nanjing Gaoke Co Annual Data

Trend

Dec14

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Dec18

Dec19

Dec20

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Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.05

Nanjing Gaoke Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.04	0.05	0.08	0.05	0.07

Nanjing Gaoke Co LT-Debt-to-Total-Asset Calculation

Nanjing Gaoke 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 )
	=	1807.46	/	37283.182
	=	0.05

Nanjing Gaoke Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	2868.202	/	39390.004
	=	0.07

Nanjing Gaoke Co (SHSE:600064) 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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Nanjing Gaoke Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nanjing Gaoke Co Ltd (SHSE:600064) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

129 Newport Avenue, Nanjing Economic and Technological Development Zone, Nanjing, CHN

Website

http://www.600064.com

Nanjing Gaoke Co Ltd is a China-based company engaged in real estate and municipal businesses, medical health business, and equity investment business. Its real estate business includes residential development, commercial operations, and property management, among others. Its medical health business includes the research and development, manufacture and sales of pharmaceuticals.

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