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Shenzhen Properties & Resources Development (Group) (SZSE:000011) LT-Debt-to-Total-Asset : 0.11 (As of Mar. 2024)


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What is Shenzhen Properties & Resources Development (Group) 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. Shenzhen Properties & Resources Development (Group)'s long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.11.

Shenzhen Properties & Resources Development (Group)'s long-term debt to total assets ratio declined from Mar. 2023 (0.25) to Mar. 2024 (0.11). It may suggest that Shenzhen Properties & Resources Development (Group) is progressively becoming less dependent on debt to grow their business.

Shenzhen Properties & Resources Development (Group) LT-Debt-to-Total-Asset Historical Data

The historical data trend for Shenzhen Properties & Resources Development (Group)'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.

Shenzhen Properties & Resources Development (Group) LT-Debt-to-Total-Asset Chart

Shenzhen Properties & Resources Development (Group) 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 0.20 0.30 0.24 0.23 0.08

Shenzhen Properties & Resources Development (Group) 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 0.25 0.27 0.28 0.08 0.11

Shenzhen Properties & Resources Development (Group) LT-Debt-to-Total-Asset Calculation

Shenzhen Properties & Resources Development (Group)'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 )
=1410.46/16988.062
=0.08

Shenzhen Properties & Resources Development (Group)'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 )
=1803.962/16889.161
=0.11

* 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.

Shenzhen Properties & Resources Development (Group)  (SZSE:000011) 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.

Shenzhen Properties & Resources Development (Group) LT-Debt-to-Total-Asset Related Terms

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Shenzhen Properties & Resources Development (Group) (SZSE:000011) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:000011) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:002208 SHSE:600340 SHSE:600708 SZSE:000036 SZSE:000797 SHSE:601588 SZSE:000006 SZSE:002016 SZSE:000897 SHSE:600736 HKSE:00016 HKSE:01109 BOM:532868 HKSE:00688 DFM:EMAAR SHSE:600048 TSE:1925 BOM:543287 HKSE:01113 SZSE:000002
Traded in Other Exchanges
200011:China
Address
Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014
Website
http://www.szwuye.com.cn
Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.
Executives
Li Zi Peng Executives
Chen Yu Gang Director
Wang Hang Jun Executives
Wen Li Director
Liu Jia Ke Supervisors

Shenzhen Properties & Resources Development (Group) (SZSE:000011) Headlines

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