Cre8 Direct (Ningbo) Co (SZSE:300703) LT-Debt-to-Total-Asset : 0.16 (As of Sep. 2024)

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What is Cre8 Direct (Ningbo) 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. Cre8 Direct (Ningbo) Co's long-term debt to total assests ratio for the quarter that ended in Sep. 2024 was 0.16.

Cre8 Direct (Ningbo) Co's long-term debt to total assets ratio increased from Sep. 2023 (0.14) to Sep. 2024 (0.16). It may suggest that Cre8 Direct (Ningbo) Co is progressively becoming more dependent on debt to grow their business.

Cre8 Direct (Ningbo) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Cre8 Direct (Ningbo) 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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Cre8 Direct (Ningbo) Co LT-Debt-to-Total-Asset Chart

Cre8 Direct (Ningbo) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.04

0.12

0.14

Cre8 Direct (Ningbo) 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															0.14	0.14	0.15	0.13	0.16

Cre8 Direct (Ningbo) Co LT-Debt-to-Total-Asset Calculation

Cre8 Direct (Ningbo) 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 )
	=	212.578	/	1489.893
	=	0.14

Cre8 Direct (Ningbo) 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 )
	=	284.651	/	1766.69
	=	0.16

Cre8 Direct (Ningbo) Co (SZSE:300703) 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.

Cre8 Direct (Ningbo) Co LT-Debt-to-Total-Asset Related Terms

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Cre8 Direct (Ningbo) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Cre8 Direct (Ningbo) Co Ltd (SZSE:300703) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

45 West Lushan Road, Beilun District, Zhejiang Province, Ningbo, CHN, 315800

Website

http://www.cre8direct.net

Cre8 Direct (Ningbo) Co Ltd is a China-based company principally engaged in the design, production and sales of paper-based products around the world. Its product lines span a vast number of categories including stationery, storage, office supplies, scrapbooking, paper crafting, party, D.I.Y., dated goods, card making, and children's crafting.

Executives

Ren Zhao Guo	Directors, executives
Deng Jian Jun	Directors, executives
Qin Zai Ming	Supervisors
Chai Xiao Hai	Directors, executives
Jiang Ming Zhong	Supervisors
Wang Xian Yu	Directors, executives

Cre8 Direct (Ningbo) Co Headlines

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