Baoye Group Co (STU:BKG) LT-Debt-to-Total-Asset : 0.02 (As of Jun. 2024)

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What is Baoye 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. Baoye Group Co's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.02.

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

Baoye Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Baoye 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.

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Baoye Group Co LT-Debt-to-Total-Asset Chart

Baoye Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.05

0.02

0.01

0.02

Baoye Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.02	0.01	0.02	0.02	0.02

Baoye Group Co LT-Debt-to-Total-Asset Calculation

Baoye 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 )
	=	130.037	/	6230.565
	=	0.02

Baoye Group Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jun. 2024 is calculated as

LT Debt to Total Assets (Q: Jun. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Jun. 2024 )	/	Total Assets (Q: Jun. 2024 )
	=	124.766	/	5973.645
	=	0.02

Baoye Group Co (STU:BKG) 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.

Baoye Group Co LT-Debt-to-Total-Asset Related Terms

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Baoye Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Baoye Group Co Ltd (STU:BKG) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

02355:Hong Kong

Address

No. 1687 Guazhu East Road, Keqiao District, Zhejiang Province, Shaoxing, CHN, 312030

Website

https://www.baoyegroup.com

Baoye Group Co Ltd is engaged in construction service. Its operation mainly comprises construction services, sale and installation of building materials and development and sale of properties in the PRC. The company's reportable segments include Construction, Property development, Building materials, and others. It generates maximum revenue from the Construction segment.

Baoye Group Co Headlines

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