Shanghai Shenda Co (SHSE:600626) LT-Debt-to-Total-Asset : 0.16 (As of Mar. 2024)

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

Shanghai Shenda Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.16). It may suggest that Shanghai Shenda Co is progressively becoming more dependent on debt to grow their business.

Shanghai Shenda Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Shenda 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 Shenda Co LT-Debt-to-Total-Asset Chart

Shanghai Shenda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.21

0.27

0.05

0.18

Shanghai Shenda Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.12	0.13	0.18	0.18	0.16

Shanghai Shenda Co LT-Debt-to-Total-Asset Calculation

Shanghai Shenda 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 )
	=	1935.624	/	10809.729
	=	0.18

Shanghai Shenda Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )	/	Total Assets (Q: Mar. 2024 )
	=	1602.491	/	10165.103
	=	0.16

Shanghai Shenda Co (SHSE:600626) 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.

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Shanghai Shenda Co (SHSE:600626) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shanghai Shenda Co Ltd (SHSE:600626) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

1500 Jiangning Road, Shenda International Building, Shanghai, CHN, 200060

Website

http://www.cnshenda.com.cn

Shanghai Shenda Co Ltd is engaged in the international and domestic trade of textile products.

Executives

Hu Chun	senior management
Ma Tian Yu	senior management
Chen Jian	Director
Shen Yao Qing	Director
An Xiu Qing	Director
Yao Ming Hua	senior management
Xi Shi Ping	Director
Wang Qiu Rong	Director
Chen Kai Jian	Supervisors

Shanghai Shenda Co (SHSE:600626) Headlines

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