Guangdong Advertising Group Co (SZSE:002400) LT-Debt-to-Total-Asset : 0.03 (As of Mar. 2024)

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

Guangdong Advertising Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.02) to Mar. 2024 (0.03). It may suggest that Guangdong Advertising Group Co is progressively becoming more dependent on debt to grow their business.

Guangdong Advertising Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Guangdong Advertising 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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Guangdong Advertising Group Co LT-Debt-to-Total-Asset Chart

Guangdong Advertising Group Co Annual Data

Trend

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Dec23

LT-Debt-to-Total-Asset

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0.02

Guangdong Advertising 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															0.02	0.02	0.03	0.02	0.03

Guangdong Advertising Group Co LT-Debt-to-Total-Asset Calculation

Guangdong Advertising 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 )
	=	234.751	/	10628.974
	=	0.02

Guangdong Advertising 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 )
	=	227.54	/	8828.719
	=	0.03

Guangdong Advertising Group Co (SZSE:002400) 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.

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Guangdong Advertising Group Co (SZSE:002400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Guangdong Advertising Group Co Ltd (SZSE:002400) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xingang East Road, Block G, Haizhu District, Guangzhou Poly World Trade Center 996, Guangzhou, Yuexiu District, CHN

Website

http://www.gimc.cn

Guangdong Advertising Group Co Ltd is a advertising and marketing company. It provides professional marketing services.

Executives

Xu Zhi Hui	Executives
Li Shi Ping	Director
He Bin	Directors, executives
Xia Yue	Directors, executives
Kang An Zhuo	Directors, executives
Dai Shu Hua	Director
Chen Dian Long	Directors, executives
Sha Zong Yi	Secretary Dong
Ding Bang Qing	Directors, executives

Guangdong Advertising Group Co (SZSE:002400) Headlines

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