CCOOP Group Co (SZSE:000564) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is CCOOP 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. CCOOP Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

CCOOP Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.19) to Mar. 2024 (0.18). It may suggest that CCOOP Group Co is progressively becoming less dependent on debt to grow their business.

CCOOP Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for CCOOP 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.

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CCOOP Group Co LT-Debt-to-Total-Asset Chart

CCOOP Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.03

0.01

0.19

0.18

CCOOP 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															0.19	0.18	0.18	0.18	0.18

CCOOP Group Co LT-Debt-to-Total-Asset Calculation

CCOOP 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 )
	=	5087.112	/	28244.259
	=	0.18

CCOOP 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 )
	=	5160.875	/	29069.181
	=	0.18

CCOOP Group Co (SZSE:000564) 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.

CCOOP Group Co LT-Debt-to-Total-Asset Related Terms

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CCOOP Group Co (SZSE:000564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » CCOOP Group Co Ltd (SZSE:000564) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 103 Jiefang Road, Shanxi Province, Xi'an, CHN, 710005

Website

http://www.cnminsheng.com

CCOOP Group Co Ltd is a China-based company engaged in operating retail department stores in China. It focuses on physical store operations, conducts store operations based on the model of joint ventures and leasing.

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