China Merchants Port Group Co (SZSE:201872) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is China Merchants Port 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. China Merchants Port Group Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

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

China Merchants Port Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Merchants Port 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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China Merchants Port Group Co LT-Debt-to-Total-Asset Chart

China Merchants Port Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.18

0.14

0.16

0.17

China Merchants Port Group 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															0.16	0.17	0.17	0.18	0.16

China Merchants Port Group Co LT-Debt-to-Total-Asset Calculation

China Merchants Port 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 )
	=	36659.339	/	217177.779
	=	0.17

China Merchants Port Group 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 )
	=	34570.618	/	220166.048
	=	0.16

China Merchants Port Group Co (SZSE:201872) 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.

China Merchants Port Group Co LT-Debt-to-Total-Asset Related Terms

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China Merchants Port Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » China Merchants Port Group Co Ltd (SZSE:201872) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

001872:China

Address

1 Gongye 3rd Road, Zhaoshang Street, 23-25 Floor, China Merchants Port Plaza, Nanshan District, Shenzhen, CHN, 518067

Website

https://www.cmp1872.com

China Merchants Port Group Co Ltd is engaged in port operations, ancillary port-related services, and bonded logistics operations. The operating segments of the company are; Port operations; Containers providing ship berthing, loading, and unloading services, and offer container storage services, and Bulk cargoes: the Company is engaged in bulk cargo handling and transportation in port zones and storage services in yards, The ancillary port-related services include smart port solutions, smart port technology operation, and other port information technology businesses, and Bonded logistics operations include services like a warehouse, yard leasing, loading and unloading in warehouses/yards, customs clearance and division or merger of cargoes at terminals.

Executives

Zheng Shao Ping

Executives

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