Gemdale (SHSE:600383) LT-Debt-to-Total-Asset : 0.14 (As of Mar. 2024)

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What is Gemdale 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. Gemdale's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.14.

Gemdale's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.14). It may suggest that Gemdale is progressively becoming less dependent on debt to grow their business.

Gemdale LT-Debt-to-Total-Asset Historical Data

The historical data trend for Gemdale'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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Gemdale LT-Debt-to-Total-Asset Chart

Gemdale Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.16

0.17

0.18

0.14

Gemdale 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															0.19	0.16	0.15	0.14	0.14

Gemdale LT-Debt-to-Total-Asset Calculation

Gemdale'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 )
	=	52020.559	/	373846.8
	=	0.14

Gemdale'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 )
	=	51302.603	/	367900.282
	=	0.14

Gemdale (SHSE:600383) 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.

Gemdale LT-Debt-to-Total-Asset Related Terms

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Gemdale (SHSE:600383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Gemdale Corp (SHSE:600383) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

Fuqiang Road, Gemdale Business Building, Futian District, Shenzhen, Guangdong, CHN, 518048

Website

http://www.gemdale.com

Gemdale Corp is a China-based company engaged in real estate development. Its businesses include development and sales and decoration of residences, development and sales and operating of a commercial real estate, real-estate financing, property service and community operating, international education featuring tennis and sports business.

Executives

Ling Ke	Director
Chen Zhang Chun	senior management
Hao Yi Bin	senior management
Chen Bi An	Director
Wei Chuan Jun	Director
Zhang Xiao Feng	senior management
Yan Jia Rong	senior management
Xu Jia Jun	Director
Huang Jun Can	Director
Hu Hong	Director
Yang Wei Min	Supervisors
Wang Yong	Supervisors
Li Gang	senior management

Gemdale (SHSE:600383) Headlines

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