Lizhan Environmental (Lizhan Environmental) Debt-to-Asset : 0.43 (As of Mar. 2012)

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What is Lizhan Environmental Debt-to-Asset?

Lizhan Environmental's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2012 was $28.92 Mil. Lizhan Environmental's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2012 was $0.00 Mil. Lizhan Environmental's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2012 was $67.36 Mil. Lizhan Environmental's debt to asset for the quarter that ended in Mar. 2012 was 0.43.

Lizhan Environmental Debt-to-Asset Historical Data

The historical data trend for Lizhan Environmental's Debt-to-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.

* Premium members only.

Lizhan Environmental Debt-to-Asset Chart

Lizhan Environmental Annual Data

Trend

Sep08

Sep09

Sep10

Sep11

Debt-to-Asset

0.19

0.11

0.35

0.42

Lizhan Environmental Quarterly Data
	Sep08	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Mar12
Debt-to-Asset	Get a 7-Day Free Trial							0.27	0.29	0.40	0.42	0.43

Competitive Comparison of Lizhan Environmental's Debt-to-Asset

For the Textile Manufacturing subindustry, Lizhan Environmental's Debt-to-Asset, along with its competitors' market caps and Debt-to-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lizhan Environmental's Debt-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Lizhan Environmental's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Lizhan Environmental's Debt-to-Asset falls into.

Lizhan Environmental Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Lizhan Environmental's Debt-to-Asset for the fiscal year that ended in Sep. 2011 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(23.55	+	3.685)	/	64.554
	=	0.42

Lizhan Environmental's Debt-to-Asset for the quarter that ended in Mar. 2012 is calculated as

Debt-to-Asset	=	Total Debt			/	Total Assets
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Assets
	=	(28.916	+	0)	/	67.361
	=	0.43

Lizhan Environmental (OTCPK:LZENF) Debt-to-Asset Explanation

In the calculation of Debt-to-Asset, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Assets.

Lizhan Environmental Debt-to-Asset Related Terms

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Lizhan Environmental (Lizhan Environmental) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lizhan Environmental Corp (OTCPK:LZENF) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 716, Qifu Road, Wutong Street, Tongxiang, Zhejiang Province, CHN, 314500

Website

http://gb.lzencorp.com/

Lizhan Environmental Corp manufactures, distributes and markets synthetic leather and other fabrics from recycled leather waste, among other materials. It's products used in the production of residential and office furniture, garments, automotive upholstery products, and various consumer applications. It sells domestically in China and export to distributors and manufacturers in the United States and other foreign countries.

Lizhan Environmental (Lizhan Environmental) Headlines

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