GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Construction Group Co Ltd (SHSE:600170) » Definitions » LT-Debt-to-Total-Asset

Shanghai Construction Group Co (SHSE:600170) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)


View and export this data going back to 1998. Start your Free Trial

What is Shanghai Construction 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. Shanghai Construction Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Shanghai Construction Group Co's long-term debt to total assets ratio declined from Sep. 2023 (0.18) to Sep. 2024 (0.16). It may suggest that Shanghai Construction Group Co is progressively becoming less dependent on debt to grow their business.


Shanghai Construction Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Construction 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.

* Premium members only.

Shanghai Construction Group Co LT-Debt-to-Total-Asset Chart

Shanghai Construction Group 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 Premium Member Only Premium Member Only 0.17 0.17 0.16 0.18 0.17

Shanghai Construction Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.18 0.17 0.19 0.18 0.16

Shanghai Construction Group Co LT-Debt-to-Total-Asset Calculation

Shanghai Construction 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 )
=64498.779/382077.659
=0.17

Shanghai Construction Group 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 )
=59163.363/362268.108
=0.16

* 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.


Shanghai Construction Group Co  (SHSE:600170) 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.


Shanghai Construction Group Co LT-Debt-to-Total-Asset Related Terms

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


Shanghai Construction Group Co Business Description

Traded in Other Exchanges
N/A
Address
No. 666, Dongdaming Road, Hongkou District, Shanghai, CHN, 200080
Shanghai Construction Group Co Ltd is a China-based company engaged in the construction business, with real estate development and urban construction investment business. It engages in contracting, design, construction, consulting and production, operation, and sale of supporting equipment, materials, and components for all types of construction projects at home and abroad.
Executives
Zhou Jun senior management
Yin Ke Ding senior management
Lu Feng senior management
Wang Zhi Gang senior management
Chen Xiao Ming senior management
Xue Yong Shen senior management
Ye Wei Dong Directors, senior managers
Cai Guo Qiang senior management
Xu Jian Dong senior management
Bian Jia Jun Director
Gong Jian senior management
Fang Qing Qiang Directors, senior managers
Lin Jin Sheng senior management
Tang Wei senior management
Zhu Zhong Ming senior management

Shanghai Construction Group Co Headlines

No Headlines