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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) LT-Debt-to-Total-Asset : 0.57 (As of Mar. 2024)


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What is Shanghai DOBE Cultural & Creative Industry Development (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. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.57.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's long-term debt to total assets ratio declined from Mar. 2023 (0.61) to Mar. 2024 (0.57). It may suggest that Shanghai DOBE Cultural & Creative Industry Development (Group) Co is progressively becoming less dependent on debt to grow their business.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai DOBE Cultural & Creative Industry Development (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.

* Premium members only.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co LT-Debt-to-Total-Asset Chart

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial - 0.63 0.60 0.62 0.59

Shanghai DOBE Cultural & Creative Industry Development (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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.61 0.59 0.58 0.59 0.57

Shanghai DOBE Cultural & Creative Industry Development (Group) Co LT-Debt-to-Total-Asset Calculation

Shanghai DOBE Cultural & Creative Industry Development (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 )
=3706.638/6320.938
=0.59

Shanghai DOBE Cultural & Creative Industry Development (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 )
=3560.085/6206.837
=0.57

* 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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co  (SZSE:300947) 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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co LT-Debt-to-Total-Asset Related Terms

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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd (SZSE:300947) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:003008 SHSE:688485 SHSE:600836 SZSE:002825 SHSE:600830 SZSE:000996 SZSE:301110 SZSE:002599 BJSE:873122 SZSE:300469 LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
No.492, Anhua Road, Room 707, Building 1, Changning District, Shanghai, CHN, 200050
Website
http://www.dobechina.com
Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd is a professional service provider dedicated towards the development of cultural and technological enterprises. DoBe not only provides enterprises with a comfortable, ecological, and personalized high-quality office environment, but also provides entrepreneurial services, brand promotion, financial consulting, business registration and others.
Executives
Jia Bo Director

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