Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is Shen Zhen Bauing Construction Holding 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. Shen Zhen Bauing Construction Holding Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

Shen Zhen Bauing Construction Holding Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Shen Zhen Bauing Construction Holding Group Co is progressively becoming more dependent on debt to grow their business.

Shen Zhen Bauing Construction Holding Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shen Zhen Bauing Construction Holding 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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Shen Zhen Bauing Construction Holding Group Co LT-Debt-to-Total-Asset Chart

Shen Zhen Bauing Construction Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

0.03

Shen Zhen Bauing Construction Holding Group 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															0.02	0.02	0.03	0.03	0.03

Shen Zhen Bauing Construction Holding Group Co LT-Debt-to-Total-Asset Calculation

Shen Zhen Bauing Construction Holding 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 )
	=	251.73	/	9457.624
	=	0.03

Shen Zhen Bauing Construction Holding Group 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 )
	=	267.48	/	9571.867
	=	0.03

Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) 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.

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Shen Zhen Bauing Construction Holding Group Co (SZSE:002047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shen Zhen Bauing Construction Holding Group Co Ltd (SZSE:002047) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

Tairan 4th Road, 4th Floor, Building 303, Chegongmiao, Futian District, Shenzhen, CHN, 518000

Website

http://www.szby.cn

Shen Zhen Bauing Construction Holding Group Co Ltd is a decoration enterprise in China's architectural decoration industry. It is engaged in the decoration engineering, curtain wall steel structure engineering, integrated intelligent engineering, building fire engineering, mechanical and electrical installation engineering, security technology engineering, metal door and window engineering, exhibition engineering and medical equipment engineering, providing professional design, construction, and integrated solutions and contract management services. The company undertakes public cultural engineering, hotel projects, airport subway project, hospital renovation project, smart home engineering, and other projects.

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