Dagang Holding Group Co (SZSE:300103) LT-Debt-to-Total-Asset : 0.05 (As of Mar. 2024)

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

Dagang Holding Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.05). It may suggest that Dagang Holding Group Co is progressively becoming less dependent on debt to grow their business.

Dagang Holding Group Co LT-Debt-to-Total-Asset Historical Data

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

Dagang Holding Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.11

0.08

0.06

0.08

0.05

Dagang Holding 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															0.08	0.04	0.04	0.05	0.05

Dagang Holding Group Co LT-Debt-to-Total-Asset Calculation

Dagang Holding 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 )
	=	57.761	/	1070.834
	=	0.05

Dagang Holding 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 )
	=	54.267	/	1042.911
	=	0.05

Dagang Holding Group Co (SZSE:300103) 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.

Dagang Holding Group Co LT-Debt-to-Total-Asset Related Terms

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Dagang Holding Group Co (SZSE:300103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Dagang Holding Group Co Ltd (SZSE:300103) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 10 Biyuan Third Road, High-tech Zone, Xi'an, Shaanxi Province, Xian, CHN, 710119

Website

http://www.sxdagang.com

Dagang Holding Group Co Ltd is an enterprise specialized in the research and development, manufacture and service of road construction and maintenance machinery and equipment and general contracting of domestic and overseas projects. The company offers pavement maintenance machines, including asphalt pavement maintenance trucks, pavement maintenance vehicles, binding agent spreaders, self-propelled road widening machines, ultrathin asphalt pavers, and crack sealing machines.

Executives

Sun Jian Xi	Director
Fu Jian Ping	Executives
Wang Yan	Supervisors
He Xu Wen	Independent director
Zhao Zun Hui	Director
Qin Zhi Qiang	Executives
Zhu Hong Yan	Supervisors
Yang Ya Ping	Executives
Wei Er Qi	Secretary, Director
Huang Tong Sheng	Executives
Wang Rui	Securities Affairs Representative
Huang Fu Jian Hong	Supervisors
Huang Kun	Supervisors
Li Tai Jie	Director
Xue Mei	Directors, executives

Dagang Holding Group Co (SZSE:300103) Headlines

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