Changjiang Publishing & Media Co (SHSE:600757) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Changjiang Publishing & Media 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. Changjiang Publishing & Media Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Changjiang Publishing & Media Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Changjiang Publishing & Media Co is progressively becoming more dependent on debt to grow their business.

Changjiang Publishing & Media Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changjiang Publishing & Media 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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Changjiang Publishing & Media Co LT-Debt-to-Total-Asset Chart

Changjiang Publishing & Media Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.01

Changjiang Publishing & Media 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															-	-	-	-	0.01

Changjiang Publishing & Media Co LT-Debt-to-Total-Asset Calculation

Changjiang Publishing & Media 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 )
	=	27.378	/	13234.283
	=	0.00

Changjiang Publishing & Media 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 )
	=	63.226	/	13573.423
	=	0.00

Changjiang Publishing & Media Co (SHSE:600757) 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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Changjiang Publishing & Media Co (SHSE:600757) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Changjiang Publishing & Media Co Ltd (SHSE:600757) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 268 Xiongchu Avenue, 11th-12th Floor, Block B, Hubei Publishing Culture City, Hubei Province, Wuhan, CHN, 430070

Website

http://www.cjcb.com.cn

Changjiang Publishing & Media Co Ltd is engaged in the publication and media industry, as well as the manufacturing of clothing and other fiber products.

Executives

Zhou Yi Ping	Director
Tian Wu Ying	senior management
Wan Zhi	Director
Hua Ying Sheng	Director
Luo Jin	Supervisors

Changjiang Publishing & Media Co (SHSE:600757) Headlines

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