Shenzhen Expressway (SHSE:600548) LT-Debt-to-Total-Asset: 0.29 (As of Mar. 2026)

What is Shenzhen Expressway LT-Debt-to-Total-Asset?

Shenzhen Expressway SHSE:600548 -0.69% 72 LT-Debt-to-Total-Asset is 0.29 as of Mar. 2026. GuruFocus rates SHSE:600548 with a GF Score™ of 72/100 and a GF Value™ of ¥9.71 (Modestly Undervalued). The stock has 7 warning signs investors should review.

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. Shenzhen Expressway's long-term debt to total assests ratio for the quarter that ended in Mar. 2026 was 0.29.

Shenzhen Expressway's long-term debt to total assets ratio declined from Mar. 2025 (0.37) to Mar. 2026 (0.29). It may suggest that Shenzhen Expressway is progressively becoming less dependent on debt to grow their business.

Shenzhen Expressway (SHSE:600548) 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.

Shenzhen Expressway LT-Debt-to-Total-Asset Related Terms

Shenzhen Expressway LT-Debt-to-Total-Asset Historical Data

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The historical data trend for Shenzhen Expressway'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.

Shenzhen Expressway LT-Debt-to-Total-Asset Chart

Shenzhen Expressway Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

LT-Debt-to-Total-Asset

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0.24

0.22

0.25

0.36

0.29

Shenzhen Expressway Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.37	0.35	0.31	0.29	0.29

72GF Score

Shenzhen Expressway Corp Ltd SHSE:600548

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Shenzhen Expressway LT-Debt-to-Total-Asset Calculation

Shenzhen Expressway's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

LT Debt to Total Assets (A: Dec. 2025 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2025 )	/	Total Assets (A: Dec. 2025 )
	=	20435.281	/	71289.15
	=	0.29

Shenzhen Expressway's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2026 is calculated as

LT Debt to Total Assets (Q: Mar. 2026 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2026 )	/	Total Assets (Q: Mar. 2026 )
	=	20437.464	/	70971.412
	=	0.29

Frequently Asked Questions Learn more about LT-Debt-to-Total-Asset →

What does a LT-Debt-to-Total-Asset of 0.29 mean?

Shenzhen Expressway (SHSE:600548) has a LT-Debt-to-Total-Asset of 0.29 as of Mar. 2026. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Shenzhen Expressway and its competitors.

Is Shenzhen Expressway's LT-Debt-to-Total-Asset too high?

Shenzhen Expressway's current LT-Debt-to-Total-Asset is 0.29. Overall, Shenzhen Expressway has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Shenzhen Expressway's LT-Debt-to-Total-Asset compare to competitors?

Shenzhen Expressway's LT-Debt-to-Total-Asset of 0.29 can be compared against companies in the Construction industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good LT-Debt-to-Total-Asset for a Construction company?

A good LT-Debt-to-Total-Asset depends on the Construction industry context. However, LT-Debt-to-Total-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high LT-Debt-to-Total-Asset mean?

A high LT-Debt-to-Total-Asset can signal that a stock is expensive relative to its fundamentals. Long-term Debt to Total Asset ratio is the ratio of total long-term debt to total assets. View historical data on Shenzhen Expressway and its competitors. Shenzhen Expressway's current LT-Debt-to-Total-Asset is 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Shenzhen Expressway stock overvalued right now?

Based on GuruFocus' analysis, Shenzhen Expressway (SHSE:600548) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥9.71, compared to a current price of ¥8.64 — trading 11% below its estimated fair value. The current LT-Debt-to-Total-Asset is 0.29. Shenzhen Expressway's overall GF Score™ is 72/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is LT-Debt-to-Total-Asset calculated?

LT-Debt-to-Total-Asset is calculated from a company's financial statements. For Shenzhen Expressway (SHSE:600548), the current LT-Debt-to-Total-Asset is 0.29 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Shenzhen Expressway (SHSE:600548) Overvalued in 2026?

Based on GuruFocus' analysis, Shenzhen Expressway stock appears to be undervalued. The current stock price of ¥8.64 is trading 11% below its estimated GF Value™ of ¥9.71. GuruFocus considers Shenzhen Expressway to be Modestly Undervalued.

Key valuation signals for SHSE:600548:

LT-Debt-to-Total-Asset: 0.29
GF Value™: ¥9.71 vs. price of ¥8.64 (11% below fair value)
GF Score™: 72/100 with 7 warning signs

No single metric tells the full story. See the SHSE:600548 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Shenzhen Expressway Business Description

Industry Industrials Construction

Comparable Companies SHSE:601107 SHSE:600012 SZSE:000429 SZSE:000828 SHSE:600269 SHSE:600033 SHSE:600020 SZSE:000885 SZSE:002941 SZSE:000755 ASX:TCL DFM:SALIK SZSE:001965 SHSE:600377 SHSE:600350 MEX:PINFRA BSP:MOTV3 ASX:ALX DFM:PARKIN HKSE:00576

Other Exchanges 00548:Hong Kong SHZH:Germany

Address Shennan Avenue, No. 9968, Hanking Centre, 46th Floor, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website https://www.sz-expressway.com

Shenzhen Expressway Corp Ltd is engaged in the construction, operation, management, and investment of toll highways and environmental protection in China. The Group has identified two reporting segments, namely the toll road segment and the environmental protection segment. The toll road segment takes charge of the operation and management of toll roads in Mainland China. The environmental protection segment operates and manages environmentally related infrastructure, mainly including solid waste treatment, clean energy, and other related fields. The majority of its revenue is derived from the toll road segment.

72GF Score

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LT-Debt-to-Total-Asset is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥8.64

Price

¥9.71

GF Value

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