SNOTF (Sinotrans) LT-Debt-to-Total-Asset : 0.09 (As of Sep. 2024)

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What is Sinotrans 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. Sinotrans's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.09.

Sinotrans's long-term debt to total assets ratio increased from Sep. 2023 (0.09) to Sep. 2024 (0.09). It may suggest that Sinotrans is progressively becoming more dependent on debt to grow their business.

Sinotrans LT-Debt-to-Total-Asset Historical Data

The historical data trend for Sinotrans'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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Sinotrans LT-Debt-to-Total-Asset Chart

Sinotrans Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.12

0.18

0.15

0.09

0.10

Sinotrans Quarterly Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.09	0.07	0.09	0.10

Sinotrans LT-Debt-to-Total-Asset Calculation

Sinotrans's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	1012.492	/	10602.758
	=	0.10

Sinotrans'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 )
	=	1084.209	/	11511.131
	=	0.09

Sinotrans (OTCPK:SNOTF) 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.

Sinotrans LT-Debt-to-Total-Asset Related Terms

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Sinotrans Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sinotrans Ltd (OTCPK:SNOTF) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

00598:Hong Kong SIY:Germany SIY:Germany 601598:China

Address

Building 10, No. 5 Anding Road, Sinotrans Building Tower B, Chaoyang District, Beijing, CHN, 100029

Website

https://www.sinotrans.com

Sinotrans Ltd is an integrated logistics services company. The company organizes itself into three segments:Agency and related business, Professional logistics business, and e-commerce business. The Agency and related business segment, which contributes the majority of revenue, includes providing services such as freight forwarding, warehousing, storage yards, container loading and, terminal services, among others. The logistics segment provides professional and customized logistics services. The E-commerce segment includes logistics solutions for import and export e-commerce customers.

Sinotrans Headlines

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