China Camc Engineering Co (SZSE:002051) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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What is China Camc Engineering 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. China Camc Engineering Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.03.

China Camc Engineering Co's long-term debt to total assets ratio declined from Mar. 2023 (0.03) to Mar. 2024 (0.03). It may suggest that China Camc Engineering Co is progressively becoming less dependent on debt to grow their business.

China Camc Engineering Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for China Camc Engineering 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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China Camc Engineering Co LT-Debt-to-Total-Asset Chart

China Camc Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.01

0.03

China Camc Engineering 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															0.03	0.03	0.04	0.03	0.03

China Camc Engineering Co LT-Debt-to-Total-Asset Calculation

China Camc Engineering 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 )
	=	742.023	/	22621.147
	=	0.03

China Camc Engineering 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 )
	=	753.657	/	22632.287
	=	0.03

China Camc Engineering Co (SZSE:002051) 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.

China Camc Engineering Co LT-Debt-to-Total-Asset Related Terms

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China Camc Engineering Co (SZSE:002051) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » China Camc Engineering Co Ltd (SZSE:002051) » Definitions » LT-Debt-to-Total-Asset

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Traded in Other Exchanges

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Address

CEC Plaze, No. 3 Danling Street, Haidian District, Beijing, CHN, 100080

Website

http://www.camce.com.cn

China Camc Engineering Co Ltd is a China-based company engaged in the business of engineering procurement construction (EPC) projects, domestic and overseas investment and trade. It is principally engaged in providing engineering contracting services for projects including industrial, agricultural, water engineering, power, communications, mining, and petrochemical. The company also trades agricultural products and materials. The organization has its business presence in Asia, Africa, America and Eastern Europe.

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