Tianjin Teda Co (SZSE:000652) LT-Debt-to-Total-Asset : 0.14 (As of Sep. 2024)

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What is Tianjin Teda 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. Tianjin Teda Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.14.

Tianjin Teda Co's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.14). It may suggest that Tianjin Teda Co is progressively becoming more dependent on debt to grow their business.

Tianjin Teda Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Tianjin Teda 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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Tianjin Teda Co LT-Debt-to-Total-Asset Chart

Tianjin Teda Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.12

0.11

0.14

Tianjin Teda Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.14	0.14	0.14	0.15	0.14

Tianjin Teda Co LT-Debt-to-Total-Asset Calculation

Tianjin Teda 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 )
	=	5755.074	/	41195.093
	=	0.14

Tianjin Teda Co'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 )
	=	6129.205	/	42497.628
	=	0.14

Tianjin Teda Co (SZSE:000652) 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.

Tianjin Teda Co LT-Debt-to-Total-Asset Related Terms

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Tianjin Teda Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tianjin Teda Co Ltd (SZSE:000652) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 62, Second Avenue, Binhai New Area, 16th Floor, MSD-B1, TEDA, Tianjin, CHN

Website

http://www.tedastock.com

Tianjin Teda Co Ltd is a China-based company engaged in the business of different sectors such as eco-friendly sector, regional development sector, energy trading sector, clean material sector and equity investment sector. In the eco-friendly sector, the company is involved in the provision of waste management services such as burial repair and utilization, domestic garbage collection and transportation, carry out services such as harmless treatment of domestic garbage, waste incineration power generation and others. In the energy trading sector, the company is involved in the wholesale of refined oil products, petrochemical products production and processing, warehousing trade business.

Executives

Chen Chong	Supervisors
Li Zhe	Supervisors
Yu Ji Hai	Supervisors
Bei Rui Chen	Executives
Xu Yu Cai	Director
Zhao Shu Xin	Supervisors
Liu Hui Wen	Director
Li Guang Yi	Executives

Tianjin Teda Co Headlines

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