Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) LT-Debt-to-Total-Asset : 0.59 (As of Mar. 2024)

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What is Xinjiang Beixin Road & Bridge 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. Xinjiang Beixin Road & Bridge Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.59.

Xinjiang Beixin Road & Bridge Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.59) to Mar. 2024 (0.59). It may suggest that Xinjiang Beixin Road & Bridge Group Co is progressively becoming more dependent on debt to grow their business.

Xinjiang Beixin Road & Bridge Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Xinjiang Beixin Road & Bridge 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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Xinjiang Beixin Road & Bridge Group Co LT-Debt-to-Total-Asset Chart

Xinjiang Beixin Road & Bridge Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.41

0.51

0.54

0.57

0.59

Xinjiang Beixin Road & Bridge 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															0.59	0.57	0.58	0.59	0.59

Xinjiang Beixin Road & Bridge Group Co LT-Debt-to-Total-Asset Calculation

Xinjiang Beixin Road & Bridge 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 )
	=	31809.91	/	54235.207
	=	0.59

Xinjiang Beixin Road & Bridge 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 )
	=	32499.847	/	55063.621
	=	0.59

Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) 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.

Xinjiang Beixin Road & Bridge Group Co LT-Debt-to-Total-Asset Related Terms

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Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Xinjiang Beixin Road & Bridge Group Co Ltd (SZSE:002307) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 217 Gaoxin Street, 16-17, Block A, Yingke Plaza, High-tech Zone, Urumqi, Uygur Autonomous Region, Xinjiang, CHN, 830011

Website

http://www.xjbxlq.com

Xinjiang Beixin Road & Bridge Group Co Ltd is engaged in road, tunnel and bridge construction. The company also specializes in the production and sale of construction materials, commercial concrete, and asphalt concrete.

Executives

Yang Wen Cheng	Supervisors
Yang Jun	Executives
Lv Wei	Executives
Xiong Bao Heng	Director
Duan Hui Lin	Executives
Sun Yu	Director
Zhu Chun Yan	Supervisors
Zhang Hui	Supervisors
Ye Cheng Guang	Supervisors
Zhang Guo Dong	Executives
Lian Jian Ping	Executives

Xinjiang Beixin Road & Bridge Group Co (SZSE:002307) Headlines

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