Shanghai Jinqiao Export Processing Zone Development Co (SHSE:600639) LT-Debt-to-Total-Asset : 0.27 (As of Dec. 2023)

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What is Shanghai Jinqiao Export Processing Zone Development 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 Jinqiao Export Processing Zone Development Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.27.

Shanghai Jinqiao Export Processing Zone Development Co's long-term debt to total assets ratio increased from Dec. 2022 (0.17) to Dec. 2023 (0.27). It may suggest that Shanghai Jinqiao Export Processing Zone Development Co is progressively becoming more dependent on debt to grow their business.

Shanghai Jinqiao Export Processing Zone Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Jinqiao Export Processing Zone Development 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 Jinqiao Export Processing Zone Development Co LT-Debt-to-Total-Asset Chart

Shanghai Jinqiao Export Processing Zone Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.25

0.19

0.13

0.17

0.27

Shanghai Jinqiao Export Processing Zone Development Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.17	0.20	0.23	0.29	0.27

Shanghai Jinqiao Export Processing Zone Development Co LT-Debt-to-Total-Asset Calculation

Shanghai Jinqiao Export Processing Zone Development 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 )
	=	10777.889	/	39780.978
	=	0.27

Shanghai Jinqiao Export Processing Zone Development Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	10777.889	/	39780.978
	=	0.27

Shanghai Jinqiao Export Processing Zone Development Co (SHSE:600639) 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 Jinqiao Export Processing Zone Development Co (SHSE:600639) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Jinqiao Export Processing Zone Development Co Ltd (SHSE:600639) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

900911:China

Address

No. 28 Jinqiao Road, Shanghai) Free Trade Experimental Zone, Shanghai, CHN, 201206

Website

http://www.pdjq.com.cn

Shanghai Jinqiao Export Processing Zone Development Co Ltd is a real estate development company. It primarily focuses on industrial real estate and traditional real estate industry development. The company's operations predominantly consist of real estate leasing, real estate sales and serviced apartment leasing.

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