Jinmao Property Services Co (HKSE:00816) LT-Debt-to-Total-Asset : 0.03 (As of Dec. 2023)

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What is Jinmao Property Services 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. Jinmao Property Services Co's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.03.

Jinmao Property Services Co's long-term debt to total assets ratio increased from Dec. 2022 (0.03) to Dec. 2023 (0.03). It may suggest that Jinmao Property Services Co is progressively becoming more dependent on debt to grow their business.

Jinmao Property Services Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Jinmao Property Services 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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Jinmao Property Services Co LT-Debt-to-Total-Asset Chart

Jinmao Property Services Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.55

0.45

0.02

0.03

Jinmao Property Services Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial				0.02	0.01	0.03	0.02	0.03

Jinmao Property Services Co LT-Debt-to-Total-Asset Calculation

Jinmao Property Services 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 )
	=	123.946	/	3952.687
	=	0.03

Jinmao Property Services Co's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	123.946	/	3952.687
	=	0.03

Jinmao Property Services Co (HKSE:00816) 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.

Jinmao Property Services Co LT-Debt-to-Total-Asset Related Terms

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Jinmao Property Services Co (HKSE:00816) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Jinmao Property Services Co Ltd (HKSE:00816) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

TZ0:Germany

Address

Unit 2, Xitieying Middle Avenue, 6th Floor, YouAn International Tower, Fengtai, Beijing, CHN

Website

https://www.jinmaowy.com

Jinmao Property Services Co Ltd is a fast-growing high-end property management company in China, and a city operation service provider, managing a diversified property portfolio covering both residential properties and non-residential services.

Executives

Sinochem Corporation	2201 Interest of corporation controlled by you
Sinochem Group Co., Ltd	2201 Interest of corporation controlled by you
Sinochem Holdings Corporation Ltd.	2201 Interest of corporation controlled by you
Sinochem Hong Kong (group) Company Limited	2501 Other
China Jinmao Holdings Group Limited	2101 Beneficial owner

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