Shanghai New World Co (SHSE:600628) LT-Debt-to-Total-Asset : 0.00 (As of Jun. 2024)

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What is Shanghai New World 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 New World Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.00.

Shanghai New World Co's long-term debt to total assets ratio declined from Jun. 2023 (0.00) to Jun. 2024 (0.00). It may suggest that Shanghai New World Co is progressively becoming less dependent on debt to grow their business.

Shanghai New World Co LT-Debt-to-Total-Asset Historical Data

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

Shanghai New World Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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Shanghai New World Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															-	-	-	-	-

Shanghai New World Co LT-Debt-to-Total-Asset Calculation

Shanghai New World 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 )
	=	2.976	/	5685.944
	=	0.00

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

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	1.836	/	5676.082
	=	0.00

Shanghai New World Co (SHSE:600628) 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 New World Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Shanghai New World Co Ltd (SHSE:600628) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 2-88 Nanjing West Road, Shanghai, Shanghai, CHN, 200003

Website

http://www.newworld-china.com

Shanghai New World 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

Sun Yue Kai	Supervisors
Ma Bing Fang	senior management

Shanghai New World Co Headlines

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