Guangdong Delian Group Co (SZSE:002666) LT-Debt-to-Total-Asset : 0.02 (As of Mar. 2024)

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What is Guangdong Delian 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 Delian Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.02.

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

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

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

Guangdong Delian Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.02

0.01

0.03

0.02

Guangdong Delian 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															0.03	0.03	0.03	0.02	0.02

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

Guangdong Delian 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 )
	=	93.921	/	5243.255
	=	0.02

Guangdong Delian 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 )
	=	113.633	/	5056.43
	=	0.02

Guangdong Delian Group Co (SZSE:002666) 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.

Guangdong Delian Group Co LT-Debt-to-Total-Asset Related Terms

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Guangdong Delian Group Co (SZSE:002666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Guangdong Delian Group Co Ltd (SZSE:002666) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 12-16,16/F, Huajian Building, Tianfu Road, Tianhe District, Guangzhou, CHN, 528248

Website

http://www.delian.cn

Guangdong Delian Group Co Ltd operates in the automotive chemical industry. Its main business covers automotive fine chemicals manufacturing, automobile sales services, and vehicle maintenance and repair. The main products are motor oil, gearbox oil, power steering oil, coolant, brake fluid and other car care products.

Executives

Cao Hua	Executives
Xu Lu	Executives
Xu Tuan Hua	Directors, executives
Guo Rong Na	Director
Meng Chen Ying	Supervisors
Yang Yue	Director
Liu Gong Zhi	Directors, executives
Tao Zhang	Securities Affairs Representative
Xu Qing Fang	Directors, executives
Zhou Jing	Supervisors
Hong Zhi Jun	Executives
Xu Xian Da	Director
Deng Guo Jin	Secretary, Director

Guangdong Delian Group Co (SZSE:002666) Headlines

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