Dr Peng Telecom and Media Group Co (SHSE:600804) LT-Debt-to-Total-Asset : 0.27 (As of Sep. 2023)

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What is Dr Peng Telecom and Media 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. Dr Peng Telecom and Media Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.27.

Dr Peng Telecom and Media Group Co's long-term debt to total assets ratio increased from Sep. 2022 (0.16) to Sep. 2023 (0.27). It may suggest that Dr Peng Telecom and Media Group Co is progressively becoming more dependent on debt to grow their business.

Dr Peng Telecom and Media Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dr Peng Telecom and Media 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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Dr Peng Telecom and Media Group Co LT-Debt-to-Total-Asset Chart

Dr Peng Telecom and Media Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

LT-Debt-to-Total-Asset

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0.23

0.12

0.28

Dr Peng Telecom and Media Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.16	0.28	0.27	0.25	0.27

Dr Peng Telecom and Media Group Co LT-Debt-to-Total-Asset Calculation

Dr Peng Telecom and Media Group Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2022 is calculated as

LT Debt to Total Assets (A: Dec. 2022 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2022 )	/	Total Assets (A: Dec. 2022 )
	=	2032.007	/	7373.466
	=	0.28

Dr Peng Telecom and Media Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	1980.16	/	7275.716
	=	0.27

Dr Peng Telecom and Media Group Co (SHSE:600804) 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.

Dr Peng Telecom and Media Group Co LT-Debt-to-Total-Asset Related Terms

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Dr Peng Telecom and Media Group Co (SHSE:600804) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Dr Peng Telecom and Media Group Co Ltd (SHSE:600804) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

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Address

191 Floor, No.26 Chaoyang Wai Avenue, Chaoyang District, Beijing, CHN

Website

http://www.drpeng.com.cn

Dr Peng Telecom and Media Group Co Ltd is a telecommunications operator based in China. It is a non-state owned company that offers broadband internet access and application services as its core business. The company is also engaged in promoting "cloud, pipe, terminal" integrated strategy, in redefining broadband Internet operations in China.

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