Shanghai Ace Investment & Development Co (SHSE:603329) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Shanghai Ace Investment & Development 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. Shanghai Ace Investment & Development Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Shanghai Ace Investment & Development Co's long-term debt to total assets ratio declined from Sep. 2023 (0.19) to Sep. 2024 (0.16). It may suggest that Shanghai Ace Investment & Development Co is progressively becoming less dependent on debt to grow their business.

Shanghai Ace Investment & Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Ace Investment & Development 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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Shanghai Ace Investment & Development Co LT-Debt-to-Total-Asset Chart

Shanghai Ace Investment & Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.08

0.14

0.16

0.20

Shanghai Ace Investment & Development 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															0.19	0.20	0.20	0.20	0.16

Shanghai Ace Investment & Development Co LT-Debt-to-Total-Asset Calculation

Shanghai Ace Investment & Development 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 )
	=	453.919	/	2293.33
	=	0.20

Shanghai Ace Investment & Development 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 )
	=	473.347	/	3040.581
	=	0.16

Shanghai Ace Investment & Development Co (SHSE:603329) 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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Shanghai Ace Investment & Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Shanghai Ace Investment & Development Co Ltd (SHSE:603329) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

855 South Pudong Road, Room H, 33rd Floor, World Plaza, Shanghai, CHN, 200120

Website

http://www.aceonline.cn

Shanghai Ace Investment & Development Co Ltd is a logistics services provider in China. The company's main business is supply chain logistics and supply chain executive trading business. It offers multimodal transport of railways, highways, and waterways; third-party logistics services; bonded warehousing; loading and unloading operations; and warehousing and logistics supervision services.

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