Qingdao KingKing Applied Chemistry Co (SZSE:002094) LT-Debt-to-Total-Asset : 0.00 (As of Mar. 2024)

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What is Qingdao KingKing Applied Chemistry 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. Qingdao KingKing Applied Chemistry Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.00.

Qingdao KingKing Applied Chemistry Co's long-term debt to total assets ratio declined from Mar. 2023 (0.00) to Mar. 2024 (0.00). It may suggest that Qingdao KingKing Applied Chemistry Co is progressively becoming less dependent on debt to grow their business.

Qingdao KingKing Applied Chemistry Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Qingdao KingKing Applied Chemistry 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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Qingdao KingKing Applied Chemistry Co LT-Debt-to-Total-Asset Chart

Qingdao KingKing Applied Chemistry 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

0.01

Qingdao KingKing Applied Chemistry 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															-	-	-	-	-

Qingdao KingKing Applied Chemistry Co LT-Debt-to-Total-Asset Calculation

Qingdao KingKing Applied Chemistry 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 )
	=	5.384	/	3154.574
	=	0.00

Qingdao KingKing Applied Chemistry 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 )
	=	4.41	/	3249.631
	=	0.00

Qingdao KingKing Applied Chemistry Co (SZSE:002094) 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.

Qingdao KingKing Applied Chemistry Co LT-Debt-to-Total-Asset Related Terms

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Qingdao KingKing Applied Chemistry Co (SZSE:002094) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Qingdao KingKing Applied Chemistry Co Ltd (SZSE:002094) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Hong Kong Middle Road, Futai Plaza, Block B, 24F, Qingdao, Hebei, CHN, 266071

Website

http://www.chinakingking.com

Qingdao KingKing Applied Chemistry Co Ltd is engaged in manufacturing cosmetic and consumer goods.

Executives

Xing Jing	Executives
Guo Yong	Executives
Yang Wei Cheng	Supervisors
Du Xin Qiang	Directors, Directors, and Executives
Tang Feng Jie	Directors, executives
Xu Sheng Rui	Independent director
Xue Shan	Executives

Qingdao KingKing Applied Chemistry Co (SZSE:002094) Headlines

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