Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) LT-Debt-to-Total-Asset : 0.36 (As of Dec. 2023)

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What is Shanghai Jin Jiang International Hotel (Group) 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 Jin Jiang International Hotel (Group) Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.36.

Shanghai Jin Jiang International Hotel (Group) Co's long-term debt to total assets ratio increased from Dec. 2022 (0.34) to Dec. 2023 (0.36). It may suggest that Shanghai Jin Jiang International Hotel (Group) Co is progressively becoming more dependent on debt to grow their business.

Shanghai Jin Jiang International Hotel (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Jin Jiang International Hotel (Group) 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 Jin Jiang International Hotel (Group) Co LT-Debt-to-Total-Asset Chart

Shanghai Jin Jiang International Hotel (Group) Co Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.36

0.51

0.34

0.36

Shanghai Jin Jiang International Hotel (Group) 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															0.34	0.34	0.34	0.38	0.36

Shanghai Jin Jiang International Hotel (Group) Co LT-Debt-to-Total-Asset Calculation

Shanghai Jin Jiang International Hotel (Group) 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 )
	=	18208.505	/	50587.037
	=	0.36

Shanghai Jin Jiang International Hotel (Group) 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 )
	=	18208.505	/	50587.037
	=	0.36

Shanghai Jin Jiang International Hotel (Group) Co (SHSE:600754) 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 Jin Jiang International Hotel (Group) Co (SHSE:600754) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Shanghai Jin Jiang International Hotel (Group) Co Ltd (SHSE:600754) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

900934:China

Address

No. 100 Yan an East Road, 26th Floor, Union Building, Shanghai, CHN

Website

http://www.jinjianghotels.com.cn

Shanghai Jin Jiang International Hotel (Group) Co Ltd is one of the leading hotel group in China, engaged in hotel operation and management, franchising, and the businesses of restaurants, transportation, logistics, and travel agency. The group operates a wide range of hotels, including full-service hotels and select service hotels.

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