Lizhong Sitong Light Alloys Group Co (SZSE:300428) LT-Debt-to-Total-Asset : 0.18 (As of Mar. 2024)

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What is Lizhong Sitong Light Alloys 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. Lizhong Sitong Light Alloys Group Co's long-term debt to total assests ratio for the quarter that ended in Mar. 2024 was 0.18.

Lizhong Sitong Light Alloys Group Co's long-term debt to total assets ratio increased from Mar. 2023 (0.16) to Mar. 2024 (0.18). It may suggest that Lizhong Sitong Light Alloys Group Co is progressively becoming more dependent on debt to grow their business.

Lizhong Sitong Light Alloys Group Co LT-Debt-to-Total-Asset Historical Data

The historical data trend for Lizhong Sitong Light Alloys 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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Lizhong Sitong Light Alloys Group Co LT-Debt-to-Total-Asset Chart

Lizhong Sitong Light Alloys Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.06

0.04

0.09

0.12

0.17

Lizhong Sitong Light Alloys 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															0.16	0.16	0.17	0.17	0.18

Lizhong Sitong Light Alloys Group Co LT-Debt-to-Total-Asset Calculation

Lizhong Sitong Light Alloys 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 )
	=	3112.253	/	18720.347
	=	0.17

Lizhong Sitong Light Alloys 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 )
	=	3488.712	/	19215.075
	=	0.18

Lizhong Sitong Light Alloys Group Co (SZSE:300428) 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.

Lizhong Sitong Light Alloys Group Co LT-Debt-to-Total-Asset Related Terms

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Lizhong Sitong Light Alloys Group Co (SZSE:300428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Lizhong Sitong Light Alloys Group Co Ltd (SZSE:300428) » Definitions » LT-Debt-to-Total-Asset

Traded in Other Exchanges

N/A

Address

No. 359, West Development Road, Qingyuan District, Baoding, CHN, 071100

Website

http://www.stnm.com.cn

Lizhong Sitong Light Alloys Group Co Ltd formerly Hebei Sitong New Metal Material Co Ltd is specialized in Research and Development, manufacturing and sales of functional intermediate alloys such as metal grain refinement, metallographic deterioration, element addition and metal purification. Its products include Aluminum base alloy, Magnesium based master alloy, Zinc-based intermediate alloy and Copper base alloy. Its main objective is to research and manufacture aluminum-based steel and aluminum-based copper materials, to promote the light weight of automobiles, rail transit, aerospace materials and the performance of electrical and electronic products.

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