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Shenzhen Textile Holding Co (SZSE:200045) LT-Debt-to-Total-Asset : 0.05 (As of Sep. 2024)


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What is Shenzhen Textile Holding 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. Shenzhen Textile Holding Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.05.

Shenzhen Textile Holding Co's long-term debt to total assets ratio declined from Sep. 2023 (0.09) to Sep. 2024 (0.05). It may suggest that Shenzhen Textile Holding Co is progressively becoming less dependent on debt to grow their business.

Shenzhen Textile Holding Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Textile Holding 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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Shenzhen Textile Holding Co LT-Debt-to-Total-Asset Chart

Shenzhen Textile Holding Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.07 0.12 0.11 0.09

Shenzhen Textile Holding 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.09 0.09 0.09 0.08 0.05

Shenzhen Textile Holding Co LT-Debt-to-Total-Asset Calculation

Shenzhen Textile Holding 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 )
=560.306/6179.656
=0.09

Shenzhen Textile Holding 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 )
=313.21/6085.78
=0.05

* 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.

Shenzhen Textile Holding Co  (SZSE:200045) 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.

Shenzhen Textile Holding Co LT-Debt-to-Total-Asset Related Terms

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Shenzhen Textile Holding Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Shenzhen Textile Holding Co (SZSE:200045) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:600510 SHSE:603889 SHSE:600626 SZSE:000726 SHSE:601113 SZSE:002083 SHSE:601599 SHSE:600630 SHSE:603365 SZSE:300918 SHSE:600346 HKSE:02313 TSE:3402 SZSE:000301 TPE:1402 SZSE:000158 IST:SASA SHSE:601233 BOM:532889 SHSE:600295
Traded in Other Exchanges
000045:China
Address
No.3 Huaqiang North Road, 6th Floor, Shenfang Building, Futian District, Guangdong, Shenzhen, CHN, 518031
Website
http://www.chinasthc.com
Shenzhen Textile Holding Co engaged in manufacturing and sale of textile, garment, polarizers and its relevant products, as well as property leasing, warehousing, real estate development, hotel, photoelectron materials manufacturing. Its business consists of production and marketing of polarizer's for liquid crystal display and knitted garment, management operations which include leasing of commercial spaces, factories, office buildings, warehouses, and others. The company business activities include clothing, upholstery fabrics, belts, trademark bands, handicrafts, and others.
Executives
Zhu Mei Zhu Executives

Shenzhen Textile Holding Co Headlines

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