China ZhengTong Auto Services Holdings (STU:ZA0) LT-Debt-to-Total-Asset : 0.15 (As of Jun. 2024)

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What is China ZhengTong Auto Services 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. China ZhengTong Auto Services Holdings's long-term debt to total assests ratio for the quarter that ended in Jun. 2024 was 0.15.

China ZhengTong Auto Services Holdings's long-term debt to total assets ratio declined from Jun. 2023 (0.20) to Jun. 2024 (0.15). It may suggest that China ZhengTong Auto Services Holdings is progressively becoming less dependent on debt to grow their business.

China ZhengTong Auto Services Holdings LT-Debt-to-Total-Asset Historical Data

The historical data trend for China ZhengTong Auto Services 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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China ZhengTong Auto Services Holdings LT-Debt-to-Total-Asset Chart

China ZhengTong Auto Services Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.14

0.10

0.27

0.15

0.12

China ZhengTong Auto Services Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.27	0.20	0.15	0.15	0.12

China ZhengTong Auto Services Holdings LT-Debt-to-Total-Asset Calculation

China ZhengTong Auto Services 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 )
	=	571.305	/	3790.52
	=	0.15

China ZhengTong Auto Services Holdings'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 )
	=	554.174	/	3727.027
	=	0.15

China ZhengTong Auto Services Holdings (STU:ZA0) 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.

China ZhengTong Auto Services Holdings LT-Debt-to-Total-Asset Related Terms

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China ZhengTong Auto Services Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » China ZhengTong Auto Services Holdings Ltd (STU:ZA0) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

01728:Hong Kong ZA0:Germany

Address

No. Te 6 Huangpu Technological Park, 4/F, Wuhan Baoze, Jiangan District, Wuhan, CHN

Website

http://www.zhengtongauto.com

China ZhengTong Auto Services Holdings Ltd is a China-based investment holding company principally engaged in the sales of passenger motor vehicles, including luxury and ultra-luxury branded automobiles. The company operates through the following segments; 4S dealership business , Supply chain business, and Comprehensive properties business. The 4S dealership business segment which generates key revenue, mainly includes sales of motor vehicles and after-sales services through its network of 4S dealerships in the PRC. The Supply chain business mainly includes the provision of motor-related logistics services and trading of lubricant oil, and the Comprehensive properties business mainly includes the development and sales of properties in the PRC.

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