Nanning Department Store Co (SHSE:600712) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Nanning 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. Nanning Department Store Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Nanning Department Store Co's long-term debt to total assets ratio declined from Mar. 2023 (0.02) to Mar. 2024 (0.01). It may suggest that Nanning Department Store Co is progressively becoming less dependent on debt to grow their business.

Nanning Department Store Co LT-Debt-to-Total-Asset Historical Data

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

Nanning Department Store Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.08

Nanning 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	0.08	0.08	0.08	0.01

Nanning Department Store Co LT-Debt-to-Total-Asset Calculation

Nanning 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 )
	=	114.733	/	1508.94
	=	0.08

Nanning 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 )
	=	21.029	/	1451.045
	=	0.01

Nanning Department Store Co (SHSE:600712) 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.

Nanning Department Store Co LT-Debt-to-Total-Asset Related Terms

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Nanning Department Store Co (SHSE:600712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Nanning Department Store Co Ltd (SHSE:600712) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No 39-41, 45 Chaoyang Road, Nanning, Guangxi, CHN, 530012

Website

http://www.nnbh.com.cn

Nanning Department Store Co Ltd operates department stores.

Executives

Tan Yao Bei	Directors, senior managers
Wu Xiao Bin	senior management
Li Wei	senior management
Zhao Jian Qin	Supervisors
Zhou Ning Xing	senior management
Li Liang	Director
Chen Chun	senior management
Huang Yong Gan	Director
Wang Chuan	senior management
Wu Guang Zhen	Supervisors

Nanning Department Store Co (SHSE:600712) Headlines

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