Henan Xinning Modern Logisics Co (SZSE:300013) LT-Debt-to-Total-Asset : 0.10 (As of Mar. 2024)

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What is Henan Xinning Modern Logisics 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. Henan Xinning Modern Logisics Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.10.

Henan Xinning Modern Logisics Co's long-term debt to total assets ratio declined from Mar. 2023 (0.11) to Mar. 2024 (0.10). It may suggest that Henan Xinning Modern Logisics Co is progressively becoming less dependent on debt to grow their business.

Henan Xinning Modern Logisics Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Henan Xinning Modern Logisics 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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Henan Xinning Modern Logisics Co LT-Debt-to-Total-Asset Chart

Henan Xinning Modern Logisics 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

0.19

0.20

0.17

0.11

Henan Xinning Modern Logisics 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															0.11	0.10	0.09	0.11	0.10

Henan Xinning Modern Logisics Co LT-Debt-to-Total-Asset Calculation

Henan Xinning Modern Logisics 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 )
	=	59.935	/	559.767
	=	0.11

Henan Xinning Modern Logisics 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 )
	=	58.07	/	564.177
	=	0.10

Henan Xinning Modern Logisics Co (SZSE:300013) 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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Henan Xinning Modern Logisics Co (SZSE:300013) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Henan Xinning Modern Logisics Co Ltd (SZSE:300013) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 760, Sunshine West Road, Zhangpu Town, Jiangsu Province, Kunshan, CHN, 215326

Website

http://www.xinning.com.cn

Henan Xinning Modern Logisics Co Ltd is engaged in the provision of logistics services for international supply chains. It is engaged in supply chain integration solutions for industries such as home appliances and consumer goods.

Executives

Tan Ping Jiang	Directors, executives
Wang Ya Jun	Director
Ceng Zhuo	Director
	Director
Chen Wei Guo	Executives
Jin Xue Fen	Supervisors

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