Chinese Maritime Transport (TPE:2612) LT-Debt-to-Total-Asset : 0.23 (As of Dec. 2024)

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What is Chinese Maritime Transport 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. Chinese Maritime Transport's long-term debt to total assests ratio for the quarter that ended in Dec. 2024 was 0.23.

Chinese Maritime Transport's long-term debt to total assets ratio declined from Dec. 2023 (0.29) to Dec. 2024 (0.23). It may suggest that Chinese Maritime Transport is progressively becoming less dependent on debt to grow their business.

Chinese Maritime Transport LT-Debt-to-Total-Asset Historical Data

The historical data trend for Chinese Maritime Transport'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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Chinese Maritime Transport LT-Debt-to-Total-Asset Chart

Chinese Maritime Transport Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

LT-Debt-to-Total-Asset

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0.29

0.25

0.24

0.29

0.23

Chinese Maritime Transport 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															0.29	0.28	0.34	0.24	0.23

Chinese Maritime Transport LT-Debt-to-Total-Asset Calculation

Chinese Maritime Transport'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 )
	=	6304.051	/	27412.401
	=	0.23

Chinese Maritime Transport'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 )
	=	6304.051	/	27412.401
	=	0.23

Chinese Maritime Transport (TPE:2612) 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.

Chinese Maritime Transport LT-Debt-to-Total-Asset Related Terms

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Chinese Maritime Transport Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Chinese Maritime Transport Ltd (TPE:2612) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

No. 15, Jinan Road, 4th Floor, Section 1, Chinese Maritime Building, Taipei, TWN, 10051

Website

https://www.cmt.tw

Chinese Maritime Transport Ltd provides goods transportation services. The company provides container transportation, warehousing and freight agents for Saudi Arabian Airlines. It generates maximum revenue from container hauling and logistics. The company operates in three segments: Land Transportation and Logistics, and Sea Transportation. The Land Transportation and Logistics segment is involved in container transportation, warehousing, and freight agent businesses. On the other hand, the Sea Transportation segment is engaged in bulk carrier business. The company generates the majority of its revenue from its Shipping department. The company generates its revenue from Asia, America, Europe, and Oceania.

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