Jiangxi Changyun Co (SHSE:600561) LT-Debt-to-Total-Asset : 0.04 (As of Dec. 2024)

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What is Jiangxi Changyun 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. Jiangxi Changyun Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.04.

Jiangxi Changyun Co's long-term debt to total assets ratio declined from Dec. 2023 (0.04) to Dec. 2024 (0.04). It may suggest that Jiangxi Changyun Co is progressively becoming less dependent on debt to grow their business.

Jiangxi Changyun Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangxi Changyun 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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Jiangxi Changyun Co LT-Debt-to-Total-Asset Chart

Jiangxi Changyun Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.03

0.02

0.04

Jiangxi Changyun 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															0.04	0.04	0.05	0.04	0.04

Jiangxi Changyun Co LT-Debt-to-Total-Asset Calculation

Jiangxi Changyun 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 )
	=	184.475	/	4599.398
	=	0.04

Jiangxi Changyun 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 )
	=	184.475	/	4599.398
	=	0.04

Jiangxi Changyun Co (SHSE:600561) 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.

Jiangxi Changyun Co LT-Debt-to-Total-Asset Related Terms

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Jiangxi Changyun Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jiangxi Changyun Co Ltd (SHSE:600561) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Ping'an West 2nd Street, Honggutan New District, Nanchang, CHN, 330038

Website

http://www.jxcy.com.cn

Jiangxi Changyun Co Ltd provides transportation services and is mainly engaged in the construction of road passenger and passenger stations. The company is also involved in the maintenance of the transport business, travel services, logistics, car rental, and property management. The company generates the majority of its revenue from road passenger transport business.

Executives

Liu Gang	Director
Su Yue Hong	Supervisors
Luo Ding Bin	senior management
Ceng Guo Hui	Supervisors
Xie Jing Quan	senior management
Xie Wei	Director
Wang Ting Wei	senior management
Xu Zhi Fang	Supervisors
Jiang Bin	senior management
Hu Jian Ping	senior management
Chen Gan Ping	senior management
Wang Su Xin	senior management
Zhou Guo Shun	senior management
Zhang Wei Jin	senior management
Lei He Ming	senior management

Jiangxi Changyun Co Headlines

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