COSCO SHIPPING Technology Co (SZSE:002401) LT-Debt-to-Total-Asset : 0.02 (As of Sep. 2024)

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What is COSCO SHIPPING Technology 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. COSCO SHIPPING Technology Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.02.

COSCO SHIPPING Technology Co's long-term debt to total assets ratio increased from Sep. 2023 (0.02) to Sep. 2024 (0.02). It may suggest that COSCO SHIPPING Technology Co is progressively becoming more dependent on debt to grow their business.

COSCO SHIPPING Technology Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for COSCO SHIPPING Technology 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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COSCO SHIPPING Technology Co LT-Debt-to-Total-Asset Chart

COSCO SHIPPING Technology Co Annual Data

Trend

Dec14

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Dec23

LT-Debt-to-Total-Asset

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0.01

0.02

COSCO SHIPPING Technology 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															0.02	0.02	0.02	0.02	0.02

COSCO SHIPPING Technology Co LT-Debt-to-Total-Asset Calculation

COSCO SHIPPING Technology 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 )
	=	47.426	/	3088.35
	=	0.02

COSCO SHIPPING Technology 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 )
	=	47.473	/	2596.852
	=	0.02

COSCO SHIPPING Technology Co (SZSE:002401) 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.

COSCO SHIPPING Technology Co LT-Debt-to-Total-Asset Related Terms

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COSCO SHIPPING Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » COSCO SHIPPING Technology Co Ltd (SZSE:002401) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

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Address

No 600 Minsheng Road, Shanghai, CHN, 200135

Website

http://www.cnshippingnt.com

COSCO SHIPPING Technology Co Ltd is engaged in intelligent transportation systems, transportation and shipping information, industrial automation, security and security engineering, research and development, sales and marketing of software and hardware products. Its projects include highway network management center system, ETC non-stop toll collection system, highway electromechanical system, and extra-large tunnel.

Executives

Yang Yi Ming	Directors, executives
Zhou Xiao Mei	Executives
Qu Hui	Directors, executives
Zhou Bao Guo	Executives
Zhou Qun	Director
Sun Wen Bin	Executives
Gao Qing	Executives
Song Pei Xin	Supervisors
Quan Jiang Chu	Supervisors
Fan Xiao Ying	Supervisors
Ma Xun	Director
Chen Qiang	Supervisors

COSCO SHIPPING Technology Co Headlines

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