China Agri-Products Exchange (HKSE:00149) LT-Debt-to-Total-Asset : 0.22 (As of Sep. 2023)

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What is China Agri-Products Exchange 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. China Agri-Products Exchange's long-term debt to total assests ratio for the quarter that ended in Sep. 2023 was 0.22.

China Agri-Products Exchange's long-term debt to total assets ratio declined from Sep. 2022 (0.27) to Sep. 2023 (0.22). It may suggest that China Agri-Products Exchange is progressively becoming less dependent on debt to grow their business.

China Agri-Products Exchange LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Agri-Products Exchange'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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China Agri-Products Exchange LT-Debt-to-Total-Asset Chart

China Agri-Products Exchange Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

LT-Debt-to-Total-Asset

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0.30

0.10

0.19

0.13

0.24

China Agri-Products Exchange Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.09	0.13	0.27	0.24	0.22

China Agri-Products Exchange LT-Debt-to-Total-Asset Calculation

China Agri-Products Exchange's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Mar. 2023 is calculated as

LT Debt to Total Assets (A: Mar. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Mar. 2023 )	/	Total Assets (A: Mar. 2023 )
	=	1195.899	/	4915.193
	=	0.24

China Agri-Products Exchange's Long-Term Debt to Total Asset Ratio for the quarter that ended in Sep. 2023 is calculated as

LT Debt to Total Assets (Q: Sep. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Sep. 2023 )	/	Total Assets (Q: Sep. 2023 )
	=	990.64	/	4600.612
	=	0.22

China Agri-Products Exchange (HKSE:00149) 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.

China Agri-Products Exchange LT-Debt-to-Total-Asset Related Terms

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China Agri-Products Exchange (HKSE:00149) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Agri-Products Exchange Ltd (HKSE:00149) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

39 Wang Kwong Road, Suite 3202, 32nd Floor, Skyline Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.cnagri-products.com

China Agri-Products Exchange Ltd is an investment holding company. The company operates through two segments namely Agricultural produce exchange market operation; and Property sales. The majority of its revenue is derived from the Agricultural produce exchange market operation segment. Geographically, it derives revenue from China.

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