Changbai Mountain Tourism Co (SHSE:603099) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2025)

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What is Changbai Mountain Tourism 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. Changbai Mountain Tourism Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2025 was 0.03.

Changbai Mountain Tourism Co's long-term debt to total assets ratio declined from Mar. 2024 (0.05) to Mar. 2025 (0.03). It may suggest that Changbai Mountain Tourism Co is progressively becoming less dependent on debt to grow their business.

Changbai Mountain Tourism Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Changbai Mountain Tourism 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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Changbai Mountain Tourism Co LT-Debt-to-Total-Asset Chart

Changbai Mountain Tourism Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.07

0.05

0.03

Changbai Mountain Tourism Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.05	0.04	0.04	0.03	0.03

Changbai Mountain Tourism Co LT-Debt-to-Total-Asset Calculation

Changbai Mountain Tourism 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 )
	=	43.421	/	1446.672
	=	0.03

Changbai Mountain Tourism Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2025 is calculated as

LT Debt to Total Assets (Q: Mar. 2025 )	=	Long-Term Debt & Capital Lease Obligation (Q: Mar. 2025 )	/	Total Assets (Q: Mar. 2025 )
	=	43.14	/	1417.684
	=	0.03

Changbai Mountain Tourism Co (SHSE:603099) 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.

Changbai Mountain Tourism Co LT-Debt-to-Total-Asset Related Terms

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Changbai Mountain Tourism Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Changbai Mountain Tourism Co Ltd (SHSE:603099) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Heping Street, Bailin Western District, Changbai Mountain Protection and Development Zone, Chibei District, Yanbian, CHN, 133613

Website

https://www.cbmt.com.cn

Changbai Mountain Tourism Co Ltd is a travel agency company. It is mainly engaged in tourism passenger transport, hotel management, travel agencies and hot spring water development and utilization business.

Executives

Hou Zhang Sen

Director

Changbai Mountain Tourism Co Headlines

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