Shanghai Lingang Holdings (SHSE:900928) LT-Debt-to-Total-Asset : 0.28 (As of Mar. 2024)

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What is Shanghai Lingang Holdings 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 Lingang Holdings's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.28.

Shanghai Lingang Holdings's long-term debt to total assets ratio increased from Mar. 2023 (0.06) to Mar. 2024 (0.28). It may suggest that Shanghai Lingang Holdings is progressively becoming more dependent on debt to grow their business.

Shanghai Lingang Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Lingang Holdings'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 Lingang Holdings LT-Debt-to-Total-Asset Chart

Shanghai Lingang Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.27

0.20

0.22

0.21

0.25

Shanghai Lingang Holdings 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															0.06	0.24	0.23	0.25	0.28

Shanghai Lingang Holdings LT-Debt-to-Total-Asset Calculation

Shanghai Lingang Holdings'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 )
	=	2806.669	/	11347.463
	=	0.25

Shanghai Lingang Holdings'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 )
	=	3266.515	/	11609.921
	=	0.28

Shanghai Lingang Holdings (SHSE:900928) 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 Lingang Holdings (SHSE:900928) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Lingang Holdings Corp Ltd (SHSE:900928) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

600848:China

Address

Shanghai Guiping Road 391, Block B, 37 layers, Shanghai, CHN

Website

http://www.lingangholding.com

Shanghai Lingang Holdings Corp Ltd is a real estate company. It provides operations and productions of industrial carriers, park development, and other park integrated services. The types of industrial carriers developed include R&D buildings, headquarters commercial buildings, and bonded logistics warehouses.

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