Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) LT-Debt-to-Total-Asset : 0.34 (As of Mar. 2024)

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What is Shanghai Zhangjiang Hi-tech Park Development 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. Shanghai Zhangjiang Hi-tech Park Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.34.

Shanghai Zhangjiang Hi-tech Park Development Co's long-term debt to total assets ratio declined from Mar. 2023 (0.36) to Mar. 2024 (0.34). It may suggest that Shanghai Zhangjiang Hi-tech Park Development Co is progressively becoming less dependent on debt to grow their business.

Shanghai Zhangjiang Hi-tech Park Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shanghai Zhangjiang Hi-tech Park Development 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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Shanghai Zhangjiang Hi-tech Park Development Co LT-Debt-to-Total-Asset Chart

Shanghai Zhangjiang Hi-tech Park Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.22

0.20

0.33

0.27

0.34

Shanghai Zhangjiang Hi-tech Park Development 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															0.36	0.43	0.43	0.34	0.34

Shanghai Zhangjiang Hi-tech Park Development Co LT-Debt-to-Total-Asset Calculation

Shanghai Zhangjiang Hi-tech Park Development 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 )
	=	17418.77	/	51004.632
	=	0.34

Shanghai Zhangjiang Hi-tech Park Development 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 )
	=	17733.466	/	52213.005
	=	0.34

Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) 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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Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Zhangjiang Hi-tech Park Development Co Ltd (SHSE:600895) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

560 Songtao Road, 8 / F, Zhangjiang Building, Pudong New Area, Shanghai, CHN, 201203

Website

http://www.600895.com

Shanghai Zhangjiang Hi-tech Park Development Co Ltd is a China-based firm engaged in the industrial real estate. It provides property development, property leasing, and communication services. It mostly focuses on the development and operation of high-tech parks.

Executives

Guo Kai	senior management
Hu Jian Qiu	Director
Lu Ying	senior management
Jin Ya Zhen	senior management
Huang Jun	senior management
Zheng Gang	senior management
Ge Pei Jian	Director
Zhu Pan	senior management
Zhu Hui	senior management
Gu Xue Li	senior management
Gu Yi Wei	senior management
Lv Shang Qing	Supervisors
Xu Chao	senior management
Yang Jun	senior management
Lu Yi Hao	senior management

Shanghai Zhangjiang Hi-tech Park Development Co (SHSE:600895) Headlines

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