GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (STU:GSZ) » Definitions » LT-Debt-to-Total-Asset

CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)


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What is CSSC Offshore & Marine Engineering (Group) 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. CSSC Offshore & Marine Engineering (Group) Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

CSSC Offshore & Marine Engineering (Group) Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.07). It may suggest that CSSC Offshore & Marine Engineering (Group) Co is progressively becoming more dependent on debt to grow their business.

CSSC Offshore & Marine Engineering (Group) Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CSSC Offshore & Marine Engineering (Group) 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.

* Premium members only.

CSSC Offshore & Marine Engineering (Group) Co LT-Debt-to-Total-Asset Chart

CSSC Offshore & Marine Engineering (Group) Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 0.06 0.08 0.05 0.07

CSSC Offshore & Marine Engineering (Group) 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.04 0.08 0.07 0.07

CSSC Offshore & Marine Engineering (Group) Co LT-Debt-to-Total-Asset Calculation

CSSC Offshore & Marine Engineering (Group) 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 )
=441.204/6532.158
=0.07

CSSC Offshore & Marine Engineering (Group) 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 )
=437.394/6494.843
=0.07

* 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.

CSSC Offshore & Marine Engineering (Group) Co  (STU:GSZ) 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.

CSSC Offshore & Marine Engineering (Group) Co LT-Debt-to-Total-Asset Related Terms

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CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » CSSC Offshore & Marine Engineering (Group) Co Ltd (STU:GSZ) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SHSE:601866 SHSE:600038 SHSE:600118 SZSE:000738 SHSE:688563 SHSE:600879 SHSE:688297 SHSE:688281 SZSE:300775 SZSE:002389 GE RTX XPAR:AIR LMT BA XPAR:SAF GD TDG NOC LSE:BA.
Traded in Other Exchanges
00317:Hong Kong GSZ:Germany 600685:China
Address
No. 137 Gexin Road, 15th Floor, Marine Tower, Shipping Building, Haizhu District, Guangdong Province, Guangzhou, CHN, 510250
Website
http://comec.cssc.net.cn
CSSC Offshore & Marine Engineering (Group) Co Ltd manufactures military and civil ships and conducts off-shore engineering. The functions of the boats have a wide range, including military, patrol, rescue, and transportation. Multiple subsidiaries allow the company to produce multiple ships and supply customized maintenance for clients. The company operates through three business segments: Shipbuilding and related business, Steel Structure engineering, Ship maintenance and modification, and others.

CSSC Offshore & Marine Engineering (Group) Co (STU:GSZ) Headlines

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