Jiangsu High Hope International Group (SHSE:600981) LT-Debt-to-Total-Asset : 0.15 (As of Sep. 2024)

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What is Jiangsu High Hope International Group 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. Jiangsu High Hope International Group's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.15.

Jiangsu High Hope International Group's long-term debt to total assets ratio increased from Sep. 2023 (0.11) to Sep. 2024 (0.15). It may suggest that Jiangsu High Hope International Group is progressively becoming more dependent on debt to grow their business.

Jiangsu High Hope International Group LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jiangsu High Hope International Group'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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Jiangsu High Hope International Group LT-Debt-to-Total-Asset Chart

Jiangsu High Hope International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.11

0.06

0.08

0.19

Jiangsu High Hope International Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.11	0.19	0.18	0.19	0.15

Jiangsu High Hope International Group LT-Debt-to-Total-Asset Calculation

Jiangsu High Hope International Group'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 )
	=	4406.272	/	23480.303
	=	0.19

Jiangsu High Hope International Group's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2024 is calculated as

LT Debt to Total Assets (Q: Sep. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2024 )	/	Total Assets (Q: Sep. 2024 )
	=	4030.948	/	26904.658
	=	0.15

Jiangsu High Hope International Group (SHSE:600981) 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.

Jiangsu High Hope International Group LT-Debt-to-Total-Asset Related Terms

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Jiangsu High Hope International Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu High Hope International Group Corp (SHSE:600981) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 91 Baiye Road, Jiangsu Province, Nanjing, CHN, 210002

Website

http://www.jstex.com

Jiangsu High Hope International Group Corp imports and exports textile products, apparel, silk, and fashion accessories such as handbags, shoes, and hats.

Executives

Gu Song Tao	Supervisors
Cao Hui Rong	senior management
Fan Yun Tao	senior management
Jiang Jin Hua	Director
Fang Chun Ling	Director
Liu Yu Zhang	Director
Zhou Chun Shan	senior management
Li Ning	senior management
Zhu Lin Sheng	senior management

Jiangsu High Hope International Group Headlines

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