Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) LT-Debt-to-Total-Asset : 0.05 (As of Dec. 2024)

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What is Shanghai Tongji Science & Technology Industrial 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 Tongji Science & Technology Industrial Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.05.

Shanghai Tongji Science & Technology Industrial Co's long-term debt to total assets ratio increased from Dec. 2023 (0.01) to Dec. 2024 (0.05). It may suggest that Shanghai Tongji Science & Technology Industrial Co is progressively becoming more dependent on debt to grow their business.

Shanghai Tongji Science & Technology Industrial Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Tongji Science & Technology Industrial 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 Tongji Science & Technology Industrial Co LT-Debt-to-Total-Asset Chart

Shanghai Tongji Science & Technology Industrial Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.01

0.04

0.01

0.05

Shanghai Tongji Science & Technology Industrial Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.01	0.01	0.03	0.04	0.05

Shanghai Tongji Science & Technology Industrial Co LT-Debt-to-Total-Asset Calculation

Shanghai Tongji Science & Technology Industrial Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	643.439	/	12163.234
	=	0.05

Shanghai Tongji Science & Technology Industrial Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	643.439	/	12163.234
	=	0.05

Shanghai Tongji Science & Technology Industrial Co (SHSE:600846) 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.

Shanghai Tongji Science & Technology Industrial Co LT-Debt-to-Total-Asset Related Terms

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Shanghai Tongji Science & Technology Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shanghai Tongji Science & Technology Industrial Co Ltd (SHSE:600846) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 1398 Siping Road, 20th Floor, Block B, Tongji Union Plaza, Shanghai, Shanghai, CHN, 200092

Website

http://www.tjkjsy.com.cn

Shanghai Tongji Science & Technology Industrial Co Ltd is a China-based company engaged in development of engineering consulting services, environmental engineering technology services and investment construction, science park construction and operation, construction engineering management, real estate development and other business areas with Tongji brand advantages.

Executives

Wang Shun Lin

senior management

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