Suning Universal Co (SZSE:000718) LT-Debt-to-Total-Asset : 0.07 (As of Mar. 2024)

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What is Suning Universal 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. Suning Universal Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.07.

Suning Universal Co's long-term debt to total assets ratio increased from Mar. 2023 (0.05) to Mar. 2024 (0.07). It may suggest that Suning Universal Co is progressively becoming more dependent on debt to grow their business.

Suning Universal Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Suning Universal 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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Suning Universal Co LT-Debt-to-Total-Asset Chart

Suning Universal Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.10

0.07

0.10

0.05

0.07

Suning Universal 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															0.05	0.07	0.06	0.07	0.07

Suning Universal Co LT-Debt-to-Total-Asset Calculation

Suning Universal 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 )
	=	1040.131	/	14924.862
	=	0.07

Suning Universal 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 )
	=	1043.461	/	14769.698
	=	0.07

Suning Universal Co (SZSE:000718) 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.

Suning Universal Co LT-Debt-to-Total-Asset Related Terms

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Suning Universal Co (SZSE:000718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Suning Universal Co Ltd (SZSE:000718) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

188 Guangzhou Road, Nanjing, CHN

Website

http://www.suning-universal.com

Suning Universal Co Ltd operates in the real estate development industry. The projects of the company include commercial estate which includes tianrun city square and suning beitang project, residential property which include suning venice, suning tianrun city, and suning mingduhui, the hotel which includes suning venice hotel, and building materials.

Executives

Jiang Li Bo	Secretary, Director
Liu De Bo	Executives
Li Wei	Directors, executives
Li Jun	Supervisors
Zhang Kang Li	Director
Zhang Gui Ping	Director
Ma Li Li	Supervisors
Jia Sen	Executives
Liu Deng Hua	Secretary Dong
Wang Yong Gang	Executives
Guo Ru Jin	Directors, executives
Zhang Jian Guo	Supervisors
Qiu Hong Tao	Securities Affairs Representative
Gu Jian Hua	Director
Cui Zhen Jie	Executives

Suning Universal Co (SZSE:000718) Headlines

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