Xiamen International Airport Co (SHSE:600897) LT-Debt-to-Total-Asset : 0.00 (As of Sep. 2023)

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What is Xiamen International Airport 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. Xiamen International Airport Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.00.

Xiamen International Airport Co's long-term debt to total assets ratio declined from Sep. 2022 (0.00) to Sep. 2023 (0.00). It may suggest that Xiamen International Airport Co is progressively becoming less dependent on debt to grow their business.

Xiamen International Airport Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xiamen International Airport 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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Xiamen International Airport Co LT-Debt-to-Total-Asset Chart

Xiamen International Airport Co Annual Data

Trend

Dec13

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Dec22

LT-Debt-to-Total-Asset

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0.01

Xiamen International Airport 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															-	0.01	0.01	0.01	-

Xiamen International Airport Co LT-Debt-to-Total-Asset Calculation

Xiamen International Airport 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 )
	=	61.965	/	4918.592
	=	0.01

Xiamen International Airport 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 )
	=	11.275	/	5176.647
	=	0.00

Xiamen International Airport Co (SHSE:600897) 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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Xiamen International Airport Co (SHSE:600897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Xiamen International Airport Co Ltd (SHSE:600897) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Xiamen Gaoqi International Airport, Fujian Province, Xiamen, CHN, 361006

Website

http://www.xiac.com.cn

Xiamen International Airport Co Ltd is principally engaged in ground services of civil and international flights and passengers. The company is also involved in commercial property leasing services, advertising, cargo station and mechanical services.

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