Shanghai Fudan Forward S&T Co (SHSE:600624) LT-Debt-to-Total-Asset : 0.01 (As of Sep. 2024)

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What is Shanghai Fudan Forward S&T 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 Fudan Forward S&T Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.01.

Shanghai Fudan Forward S&T Co's long-term debt to total assets ratio declined from Sep. 2023 (0.02) to Sep. 2024 (0.01). It may suggest that Shanghai Fudan Forward S&T Co is progressively becoming less dependent on debt to grow their business.

Shanghai Fudan Forward S&T Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Fudan Forward S&T 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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Shanghai Fudan Forward S&T Co LT-Debt-to-Total-Asset Chart

Shanghai Fudan Forward S&T Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.08

0.01

Shanghai Fudan Forward S&T 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															0.02	0.01	0.01	0.01	0.01

Shanghai Fudan Forward S&T Co LT-Debt-to-Total-Asset Calculation

Shanghai Fudan Forward S&T 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 )
	=	25.702	/	1797.289
	=	0.01

Shanghai Fudan Forward S&T 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 )
	=	18.411	/	1567.75
	=	0.01

Shanghai Fudan Forward S&T Co (SHSE:600624) 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 Fudan Forward S&T Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Fudan Forward S&T Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Shanghai Fudan Forward S&T Co Ltd (SHSE:600624) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 525 Guoquan Road, Fuhua Technology Building, Shanghai, Shanghai, CHN, 200433

Website

http://www.forwardgroup.com

Shanghai Fudan Forward S&T Co Ltd is a multi-industry, cross-regional, export-oriented and multi-functional comprehensive enterprise integrating domestic and foreign trade, textile new materials, automobile interiors, real estate and other industries.

Executives

Ye Wei Da	senior management
Jiang Guo Xing	Director

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