Shaanxi Construction Machinery Co (SHSE:600984) LT-Debt-to-Total-Asset : 0.23 (As of Sep. 2024)

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What is Shaanxi Construction Machinery 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. Shaanxi Construction Machinery Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.23.

Shaanxi Construction Machinery Co's long-term debt to total assets ratio declined from Sep. 2023 (0.30) to Sep. 2024 (0.23). It may suggest that Shaanxi Construction Machinery Co is progressively becoming less dependent on debt to grow their business.

Shaanxi Construction Machinery Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shaanxi Construction Machinery 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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Shaanxi Construction Machinery Co LT-Debt-to-Total-Asset Chart

Shaanxi Construction Machinery Co Annual Data

Trend

Dec14

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Dec16

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Dec18

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Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.13

0.26

0.24

Shaanxi Construction Machinery Co 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															0.30	0.24	0.22	0.27	0.23

Shaanxi Construction Machinery Co LT-Debt-to-Total-Asset Calculation

Shaanxi Construction Machinery 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 )
	=	4125.631	/	17573.742
	=	0.23

Shaanxi Construction Machinery Co'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 )
	=	4007.492	/	17811.884
	=	0.22

Shaanxi Construction Machinery Co (SHSE:600984) 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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Shaanxi Construction Machinery Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shaanxi Construction Machinery Co Ltd (SHSE:600984) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No. 418 Jinhua North Road, Shanxi, Xi'an, CHN, 710032

Website

http://www.scmc-xa.com

Shaanxi Construction Machinery Co Ltd in China is mainly engaged in the research, development, manufacturing, and sales of road construction machinery and large steel structure products. It is primarily involved in the activities of building lease, road machinery, pile machinery, steel structure, road construction and others. Geographically, it operates through the china.

Executives

Chai Zhao Yi	Director
Liu Di Fang	senior management
Bai Hai Hong	senior management
Yue Jian Hong	Supervisors
Feng Chao	senior management
Zhang Lan Tian	Supervisors
Hu Li Qun	Supervisors
Chen Yong Ze	Director
Si Xiao Zhu	senior management
Li Zhang An	Director
Yang Zheng Fa	senior management
Yang Hong Jun	Director
He Wei Dong	senior management
Cheng Xi	Supervisors
Bao Zhong Ping	senior management

Shaanxi Construction Machinery Co Headlines

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