Hichain Logistics Co (SZSE:300873) LT-Debt-to-Total-Asset : 0.02 (As of Dec. 2024)

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What is Hichain Logistics 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. Hichain Logistics Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.02.

Hichain Logistics Co's long-term debt to total assets ratio declined from Dec. 2023 (0.03) to Dec. 2024 (0.02). It may suggest that Hichain Logistics Co is progressively becoming less dependent on debt to grow their business.

Hichain Logistics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Hichain Logistics 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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Hichain Logistics Co LT-Debt-to-Total-Asset Chart

Hichain Logistics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.02

0.01

0.06

0.03

0.02

Hichain Logistics Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.03	0.03	0.02	0.02	0.02

Hichain Logistics Co LT-Debt-to-Total-Asset Calculation

Hichain Logistics Co's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (A: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2024 )	/	Total Assets (A: Dec. 2024 )
	=	70.39	/	4837.773
	=	0.01

Hichain Logistics Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2024 is calculated as

LT Debt to Total Assets (Q: Dec. 2024 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2024 )	/	Total Assets (Q: Dec. 2024 )
	=	70.39	/	4837.773
	=	0.01

Hichain Logistics Co (SZSE:300873) 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.

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Hichain Logistics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Hichain Logistics Co Ltd (SZSE:300873) » Definitions » LT-Debt-to-Total-Asset

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Address

111 Quanhai Road, Wujiang Economic and Technological Development Zone, Jiangsu Province, Suzhou, CHN, 215200

Website

http://www.hichain.com

Hichain Logistics Co Ltd is a provider of all-round and integrated modern integrated logistics services for related enterprises in the electronic information industry. The company provides comprehensive logistics solutions integrating transportation, warehousing, customs and other value-added services for technology manufacturing enterprises. Its services include Road Transportation; Intelligent Warehousing; Customs Brokerage; Integrated Zone Service; and International Freight Forwarding.

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