Nanjing Xinjiekou Department Store Co (SHSE:600682) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Nanjing Xinjiekou Department Store 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. Nanjing Xinjiekou Department Store Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

Nanjing Xinjiekou Department Store Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.02). It may suggest that Nanjing Xinjiekou Department Store Co is progressively becoming less dependent on debt to grow their business.

Nanjing Xinjiekou Department Store Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Nanjing Xinjiekou Department Store 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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Nanjing Xinjiekou Department Store Co LT-Debt-to-Total-Asset Chart

Nanjing Xinjiekou Department Store Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.02

Nanjing Xinjiekou Department Store 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															0.02	0.02	0.02	0.02	0.02

Nanjing Xinjiekou Department Store Co LT-Debt-to-Total-Asset Calculation

Nanjing Xinjiekou Department Store 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 )
	=	537.063	/	25719.533
	=	0.02

Nanjing Xinjiekou Department Store 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 )
	=	518.33	/	25993.671
	=	0.02

Nanjing Xinjiekou Department Store Co (SHSE:600682) 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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Nanjing Xinjiekou Department Store Co (SHSE:600682) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanjing Xinjiekou Department Store Co Ltd (SHSE:600682) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1 Zhongshan South Road, Qinhuai District, Jiangsu District, Nanjing, CHN, 210005

Website

http://www.njxb.com

Nanjing Xinjiekou Department Store Co Ltd operates a large-scale and established set of retail and department stores. The company is engaged in pre-packaged food, bulk food, health food, hot and cold beverage sales; Chinese food production and sales; audiovisual products, cigarettes, cigars, cut tobacco, and confiscated foreign tobacco products retail.

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