Guangshen Railway Co (FRA:GRCH) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is Guangshen Railway 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. Guangshen Railway Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

Guangshen Railway Co's long-term debt to total assets ratio declined from Mar. 2023 (0.07) to Mar. 2024 (0.06). It may suggest that Guangshen Railway Co is progressively becoming less dependent on debt to grow their business.

Guangshen Railway Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangshen Railway 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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Guangshen Railway Co LT-Debt-to-Total-Asset Chart

Guangshen Railway Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.04

0.06

Guangshen Railway 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															0.07	0.06	0.06	0.06	0.06

Guangshen Railway Co LT-Debt-to-Total-Asset Calculation

Guangshen Railway 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 )
	=	270.583	/	4782.001
	=	0.06

Guangshen Railway 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 )
	=	269.206	/	4795.972
	=	0.06

Guangshen Railway Co (FRA:GRCH) 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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Guangshen Railway Co (FRA:GRCH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Guangshen Railway Co Ltd (FRA:GRCH) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

GNGYF:USA 00525:Hong Kong 601333:China

Address

No. 1052, Heping Road, Guangdong Province, Luohu District, Shenzhen, CHN, 518010

Website

https://www.gsrc.com

Guangshen Railway Co Ltd is one of the key railway operators in southern China's relatively prosperous Guangdong province. It provides both passenger and freight transportation through its wholly owned Guangzhou Shenzhen intercity express rail line and Guangzhou Pingshi rail line, as well as a few long-distance passenger lines. Its operating segment includes The Railway Transportation Business and others. The majority of revenue is generated from the railway transportation business segment.

Guangshen Railway Co (FRA:GRCH) Headlines

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