Hainan Expressway Co (SZSE:000886) LT-Debt-to-Total-Asset : 0.01 (As of Mar. 2024)

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What is Hainan Expressway 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. Hainan Expressway Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.01.

Hainan Expressway Co's long-term debt to total assets ratio increased from Mar. 2023 (0.00) to Mar. 2024 (0.01). It may suggest that Hainan Expressway Co is progressively becoming more dependent on debt to grow their business.

Hainan Expressway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hainan Expressway 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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Hainan Expressway Co LT-Debt-to-Total-Asset Chart

Hainan Expressway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

Hainan Expressway Co 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															-	-	0.01	0.01	0.01

Hainan Expressway Co LT-Debt-to-Total-Asset Calculation

Hainan Expressway 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 )
	=	17.554	/	3459.233
	=	0.01

Hainan Expressway Co'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 )
	=	17.462	/	3380.935
	=	0.01

Hainan Expressway Co (SZSE:000886) 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.

Hainan Expressway Co LT-Debt-to-Total-Asset Related Terms

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Hainan Expressway Co (SZSE:000886) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Hainan Expressway Co Ltd (SZSE:000886) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lantian Road, Highway Building No. 16, Hainan Province, Haikou, CHN, 570203

Website

http://www.hi-expressway.com

Hainan Expressway Co Ltd is engaged in the design, construction, conservation, and management of highways. Further, it is also involved in various other activities of real estate, hotel tourism, information networks, advertising and other fields. Geographically the activities are carried out through China.

Executives

Yao Wei Qing	Executives
Xu Da Jun	Supervisors
Ceng Guo Hua	Director
Fu Guo Hua	Director
Lin Sheng Ce	Executives

Hainan Expressway Co (SZSE:000886) Headlines

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