Chongqing Road & Bridge Co (SHSE:600106) LT-Debt-to-Total-Asset : 0.13 (As of Dec. 2024)

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What is Chongqing Road & Bridge 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. Chongqing Road & Bridge Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.13.

Chongqing Road & Bridge Co's long-term debt to total assets ratio declined from Dec. 2023 (0.15) to Dec. 2024 (0.13). It may suggest that Chongqing Road & Bridge Co is progressively becoming less dependent on debt to grow their business.

Chongqing Road & Bridge Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chongqing Road & Bridge 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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Chongqing Road & Bridge Co LT-Debt-to-Total-Asset Chart

Chongqing Road & Bridge Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.21

0.17

0.16

0.15

0.13

Chongqing Road & Bridge Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.15	0.15	0.13	0.13	0.13

Chongqing Road & Bridge Co LT-Debt-to-Total-Asset Calculation

Chongqing Road & Bridge Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	892	/	7060.922
	=	0.13

Chongqing Road & Bridge Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	892	/	7060.922
	=	0.13

Chongqing Road & Bridge Co (SHSE:600106) 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.

Chongqing Road & Bridge Co LT-Debt-to-Total-Asset Related Terms

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Chongqing Road & Bridge Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chongqing Road & Bridge Co Ltd (SHSE:600106) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 11 Danlong Road, Economic and Technological Development Zone, Nanping District, Chongqing, CHN, 400060

Website

http://www.cqrb.com.cn

Chongqing Road & Bridge Co Ltd is engaged in the operation of road and bridge management, as well as engineering construction businesses. It operates, maintains and manages Shibanpo Yangtze River Bridge, Shimen Jialing River Bridge, Jiahua Jialing River Bridge and Changshou Lake Tourism Special Highway. The company is also involved in the construction of bridges, roads, and infrastructures, the development of real estates, as well as the construction of software industrial parks through its subsidiaries.

Executives

Zhang Man	Director
Jia Lin	senior management

Chongqing Road & Bridge Co Headlines

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