Decai Decoration Co (SHSE:605287) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is Decai Decoration 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. Decai Decoration Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

Decai Decoration Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that Decai Decoration Co is progressively becoming more dependent on debt to grow their business.

Decai Decoration Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Decai Decoration 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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Decai Decoration Co LT-Debt-to-Total-Asset Chart

Decai Decoration Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

Decai Decoration Co Quarterly Data
	Jun19	Dec19	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															0.02	0.02	0.03	0.03	0.02

Decai Decoration Co LT-Debt-to-Total-Asset Calculation

Decai Decoration 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 )
	=	195.179	/	11712.547
	=	0.02

Decai Decoration 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 )
	=	269.1	/	11604.38
	=	0.02

Decai Decoration Co (SHSE:605287) 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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Decai Decoration Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Decai Decoration Co Ltd (SHSE:605287) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No.169, Hong Kong Middle Road, Shinan District, Shandong Province, Qingdao, CHN, 266000

Website

http://www.qddecai.com.cn

Decai Decoration Co Ltd is a construction enterprise integrating engineering construction, real estate development, decoration, planning and design, research and development and production of new materials. It covers three major business areas namely construction field, design field, and science and technology industrial park field .

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