Cosmos Group Co (SZSE:002133) LT-Debt-to-Total-Asset : 0.12 (As of Mar. 2024)

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What is Cosmos 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. Cosmos Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.12.

Cosmos Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.16) to Mar. 2024 (0.12). It may suggest that Cosmos Group Co is progressively becoming less dependent on debt to grow their business.

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

The historical data trend for Cosmos 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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Cosmos Group Co LT-Debt-to-Total-Asset Chart

Cosmos Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.14

0.15

0.11

Cosmos 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															0.16	0.15	0.17	0.11	0.12

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

Cosmos 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 )
	=	1560.692	/	14057.208
	=	0.11

Cosmos 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 )
	=	1560.345	/	12919.447
	=	0.12

Cosmos Group Co (SZSE:002133) 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.

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

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Cosmos Group Co (SZSE:002133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cosmos Group Co Ltd (SZSE:002133) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 8 Pinghai Road, Hangzhou, Zhejiang, CHN, 310006

Website

http://www.cosmosgroup.com.cn

Cosmos Group Co Ltd is primarily engaged in real estate development and commercial residential building distribution in China. It develops and distributes small and middle residential properties. The company is also engaged in property management and leasing businesses.

Executives

Wang Yi Lei	Director
Jiang Li Xiong	Directors, executives
Chen Lian Yong	Executives
Hu Jian Chao	Executives
Hu Wei Hua	Director
Liao Wei Hua	Executives
Wang He Ming	Director
Zhang Jin Tu	Directors, executives
Jing Lin Bo	Director
Cao Cheng Peng	Securities Affairs Representative
Cheng Da Tao	Directors, executives
Huang Ji Min	Supervisors

Cosmos Group Co (SZSE:002133) Headlines

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