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Dazhong Transportation (Group) Co (SHSE:900903) LT-Debt-to-Total-Asset : 0.13 (As of Mar. 2024)


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What is Dazhong Transportation (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. Dazhong Transportation (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.13.

Dazhong Transportation (Group) Co's long-term debt to total assets ratio increased from Mar. 2023 (0.12) to Mar. 2024 (0.13). It may suggest that Dazhong Transportation (Group) Co is progressively becoming more dependent on debt to grow their business.

Dazhong Transportation (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Dazhong Transportation (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.

* Premium members only.

Dazhong Transportation (Group) Co LT-Debt-to-Total-Asset Chart

Dazhong Transportation (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.06 0.09 0.10 0.12

Dazhong Transportation (Group) Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
LT-Debt-to-Total-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.12 0.14 0.15 0.12 0.13

Dazhong Transportation (Group) Co LT-Debt-to-Total-Asset Calculation

Dazhong Transportation (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 )
=321.956/2588.289
=0.12

Dazhong Transportation (Group) Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Mar. 2024 is calculated as

LT Debt to Total Assets (Q: Mar. 2024 )=Long-Term Debt & Capital Lease Obligation (Q: Mar. 2024 )/Total Assets (Q: Mar. 2024 )
=324.265/2559.477
=0.13

* 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.

Dazhong Transportation (Group) Co  (SHSE:900903) 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.

Dazhong Transportation (Group) Co LT-Debt-to-Total-Asset Related Terms

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Dazhong Transportation (Group) Co (SHSE:900903) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Dazhong Transportation (Group) Co Ltd (SHSE:900903) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:603223 SHSE:603569 SHSE:600650 SHSE:603813 SHSE:600662 SHSE:603056 ODFL XPO TSX:TFII SAIA KNX TSE:9064 SNDR ARCB TSE:9076 RXO WERN MRTN ULH TSE:9075
Traded in Other Exchanges
600611:China
Address
No. 1515 Zhongshan West Road, Dazhong Building, 22nd Floor, Xuhui District, Shanghai, CHN, 200235
Website
http://www.96822.com
Dazhong Transportation Group is a passenger transportation and property investment company. The company operates taxis and public bus passenger transportation, and maintains, leases, and distributes automobiles. Dazhong Transportation also operates a real estate investment business, which develops, leases, and sells residential and commercial property. In addition, the company provides logistics, tourism, and catering services. The company is headquartered in the People's Republic of China, and generates revenue domestically.

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