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Songcheng Performance Development Co (SZSE:300144) LT-Debt-to-Total-Asset : 0.04 (As of Mar. 2024)


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What is Songcheng Performance Development 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. Songcheng Performance Development Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.04.

Songcheng Performance Development Co's long-term debt to total assets ratio increased from Mar. 2023 (0.04) to Mar. 2024 (0.04). It may suggest that Songcheng Performance Development Co is progressively becoming more dependent on debt to grow their business.

Songcheng Performance Development Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Songcheng Performance Development 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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Songcheng Performance Development Co LT-Debt-to-Total-Asset Chart

Songcheng Performance Development Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
LT-Debt-to-Total-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.07 0.07 0.04 0.05

Songcheng Performance Development 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.04 0.06 0.06 0.05 0.04

Songcheng Performance Development Co LT-Debt-to-Total-Asset Calculation

Songcheng Performance Development 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 )
=412.621/9065.382
=0.05

Songcheng Performance Development 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 )
=392.19/9372.338
=0.04

* 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.

Songcheng Performance Development Co  (SZSE:300144) 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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Songcheng Performance Development Co (SZSE:300144) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Songcheng Performance Development Co Ltd (SZSE:300144) » Definitions » LT-Debt-to-Total-Asset
Comparable Companies
SZSE:300123 SZSE:002605 SZSE:002678 SZSE:300005 SZSE:300793 SHSE:603398 SHSE:600071 SZSE:002614 SZSE:300043 SHSE:605299 TSE:4661 HKSE:02020 TSE:7832 TSE:7309 HKSE:02331 MAT HAS PLNT TSE:7951 LSE:GAW
Traded in Other Exchanges
N/A
Address
148 River Road, Zhejiang Province, Hangzhou, CHN, 310008
Website
http://www.songcn.com
Songcheng Performance Development Co Ltd operates in the performing arts industry. The company is engaged in the operation of theme parks and tourism cultural shows in China. It has developed dozens of cultural entertainment projects including Songcheng Six Rooms and China Performing Arts Valley. In addition, the company has extended businesses in leisure tourism, live entertainment, and online entertainment, intending to create a performance empire that covers both online and offline traffic.
Executives
Huang Qiao Long Director
Huang Qiao Ling Director
Zheng Qi Executives
Liu Yan Directors, executives
Xu Jie Supervisors
Dong Xin Secretary Dong
Ji Ding Tian Director
Shang Ling Xia Executives
Chen Sheng Min Executives
Zhang Jian Kun Directors, executives
Yu Feng Supervisors
Zhao Wei Dong Supervisors
Zhu Hua Lu Supervisors
Zhang Hui Pin Director
Fang Dong Biao Director

Songcheng Performance Development Co (SZSE:300144) Headlines

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