Omnijoi Media (SZSE:300528) LT-Debt-to-Total-Asset : 0.44 (As of Mar. 2024)

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What is Omnijoi Media 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. Omnijoi Media's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.44.

Omnijoi Media's long-term debt to total assets ratio declined from Mar. 2023 (0.47) to Mar. 2024 (0.44). It may suggest that Omnijoi Media is progressively becoming less dependent on debt to grow their business.

Omnijoi Media LT-Debt-to-Total-Asset Historical Data

The historical data trend for Omnijoi Media'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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Omnijoi Media LT-Debt-to-Total-Asset Chart

Omnijoi Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.37

0.41

0.48

0.45

Omnijoi Media 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															0.47	0.45	0.44	0.45	0.44

Omnijoi Media LT-Debt-to-Total-Asset Calculation

Omnijoi Media'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 )
	=	1131.29	/	2526.977
	=	0.45

Omnijoi Media'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 )
	=	1083.908	/	2486.454
	=	0.44

Omnijoi Media (SZSE:300528) 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.

Omnijoi Media LT-Debt-to-Total-Asset Related Terms

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Omnijoi Media (SZSE:300528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Omnijoi Media Corp (SZSE:300528) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

348 Zhongshan Road, CITIC Tower, 17F, Jiangsu Province, Nanjing, CHN, 210 008

Website

http://www.omnijoi.com

Omnijoi Media Corp engages in the producing television drama series and movie film. It is a complete industrial chain of the television and movie industries incorporating content production, program distribution, and cinema construction and operation. It focuses on television drama business and movie film business. The television drama business is the formation of the drama products. The movie film business includes film investment, production, and distribution; and cinema management.

Executives

Yu Qiang

Securities Affairs Representative

Omnijoi Media (SZSE:300528) Headlines

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