NBTM New Materials Group Co (SHSE:600114) LT-Debt-to-Total-Asset : 0.19 (As of Mar. 2024)

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What is NBTM New Materials 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. NBTM New Materials Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.19.

NBTM New Materials Group Co's long-term debt to total assets ratio declined from Mar. 2023 (0.31) to Mar. 2024 (0.19). It may suggest that NBTM New Materials Group Co is progressively becoming less dependent on debt to grow their business.

NBTM New Materials Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for NBTM New Materials 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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NBTM New Materials Group Co LT-Debt-to-Total-Asset Chart

NBTM New Materials Group 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

0.11

0.19

0.25

0.28

NBTM New Materials 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															0.31	0.36	0.34	0.28	0.19

NBTM New Materials Group Co LT-Debt-to-Total-Asset Calculation

NBTM New Materials 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 )
	=	1910.403	/	6769.069
	=	0.28

NBTM New Materials 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 )
	=	1325.416	/	6861.88
	=	0.19

NBTM New Materials Group Co (SHSE:600114) 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.

NBTM New Materials Group Co LT-Debt-to-Total-Asset Related Terms

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NBTM New Materials Group Co (SHSE:600114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NBTM New Materials Group Co Ltd (SHSE:600114) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Jingjiang Road, Jiangshan Industrial Zone, Yinzhou, Ningbo, Zhejiang, CHN, 315191

Website

http://www.pm-china.com

NBTM New Materials Group Co Ltd is engaged in producing and selling powder metal structural parts and magnetic materials components in China. It provides car parts, such as car engine, auto transmission, auto chassis, and other products; new energy parts; air condition compressor and refrigerator compressor parts for home appliances; and motorcycle engines, clutches, driven gears, and other components.

Executives

Cao Yang	Director
Lu De Bao	Director
Zhu Zhi Rong	Directors, senior managers
He Ling Min	senior management
Yan Feng Mu	senior management
Xiao Ya Jun	senior management
Xu Kai	senior management
Chen Yi Zhen	Supervisors
Gu Jin	Director
Duo Tian Chang Hong	Director
Shi Xiao Di	senior management
Huang Yong Ping	senior management
Shu Zheng Ping	senior management

NBTM New Materials Group Co (SHSE:600114) Headlines

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