Huitong Construction Group Co (SHSE:603176) LT-Debt-to-Total-Asset : 0.31 (As of Sep. 2024)

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What is Huitong Construction Group 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. Huitong Construction Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.31.

Huitong Construction Group Co's long-term debt to total assets ratio increased from Sep. 2023 (0.27) to Sep. 2024 (0.31). It may suggest that Huitong Construction Group Co is progressively becoming more dependent on debt to grow their business.

Huitong Construction Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Huitong Construction Group 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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Huitong Construction Group Co LT-Debt-to-Total-Asset Chart

Huitong Construction Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.05

0.09

0.22

0.29

Huitong Construction Group Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	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															0.27	0.29	0.32	0.31	0.31

Huitong Construction Group Co LT-Debt-to-Total-Asset Calculation

Huitong Construction Group 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 )
	=	1583.341	/	5450.401
	=	0.29

Huitong Construction Group 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 )
	=	1764.35	/	5769.837
	=	0.31

Huitong Construction Group Co (SHSE:603176) 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.

Huitong Construction Group Co LT-Debt-to-Total-Asset Related Terms

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Huitong Construction Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Huitong Construction Group Co Ltd (SHSE:603176) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

69 Century East Road, Gaobeidian City, Hebei Province, Baoding, CHN, 074099

Website

https://www.htlq.com.cn

Huitong Construction Group Co Ltd is engaged in the construction of roadbed, pavement, bridges and culverts, and tunnels.

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