CITIC Offshore Helicopter Co (SZSE:000099) LT-Debt-to-Total-Asset : 0.06 (As of Mar. 2024)

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What is CITIC Offshore Helicopter 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. CITIC Offshore Helicopter Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.06.

CITIC Offshore Helicopter Co's long-term debt to total assets ratio declined from Mar. 2023 (0.08) to Mar. 2024 (0.06). It may suggest that CITIC Offshore Helicopter Co is progressively becoming less dependent on debt to grow their business.

CITIC Offshore Helicopter Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CITIC Offshore Helicopter 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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CITIC Offshore Helicopter Co LT-Debt-to-Total-Asset Chart

CITIC Offshore Helicopter Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.13

0.18

0.11

0.08

0.05

CITIC Offshore Helicopter 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															0.08	0.08	0.04	0.05	0.06

CITIC Offshore Helicopter Co LT-Debt-to-Total-Asset Calculation

CITIC Offshore Helicopter 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 )
	=	291.124	/	6299.436
	=	0.05

CITIC Offshore Helicopter 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 )
	=	389.561	/	6443.185
	=	0.06

CITIC Offshore Helicopter Co (SZSE:000099) 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.

CITIC Offshore Helicopter Co LT-Debt-to-Total-Asset Related Terms

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CITIC Offshore Helicopter Co (SZSE:000099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » CITIC Offshore Helicopter Co Ltd (SZSE:000099) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Qilin Road, Shenzhen Heliport, Nanshan District, Shenzhen, Guangdong, CHN, 518052

Website

http://www.china-cohc.com

CITIC Offshore Helicopter Co Ltd is engaged in the development of offshore oil and development of general aviation. The business of the company includes direct sea navigation, aviation maintenance, aviation training, capital operation, and drone.

Executives

Xu Wei Jie	Executives
Ning Zhi He	Supervisors
Yu Jin Shu	Executives
Bi Wei	Director
Liu Tie Xiong	Directors, executives

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