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Anhui Xinke New Materials Co (SHSE:600255) Debt-to-Asset : 0.18 (As of Sep. 2024)


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What is Anhui Xinke New Materials Co Debt-to-Asset?

Anhui Xinke New Materials Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥588 Mil. Anhui Xinke New Materials Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥133 Mil. Anhui Xinke New Materials Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥4,035 Mil. Anhui Xinke New Materials Co's debt to asset for the quarter that ended in Sep. 2024 was 0.18.


Anhui Xinke New Materials Co Debt-to-Asset Historical Data

The historical data trend for Anhui Xinke New Materials Co'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.

Anhui Xinke New Materials Co Debt-to-Asset Chart

Anhui Xinke New Materials Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.14 0.12 0.16 0.15 0.19

Anhui Xinke New Materials Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Debt-to-Asset Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.19 0.19 0.18 0.17 0.18

Competitive Comparison of Anhui Xinke New Materials Co's Debt-to-Asset

For the Copper subindustry, Anhui Xinke New Materials Co'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.


Anhui Xinke New Materials Co's Debt-to-Asset Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Anhui Xinke New Materials Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Anhui Xinke New Materials Co's Debt-to-Asset falls into.



Anhui Xinke New Materials Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Anhui Xinke New Materials Co's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(590.721 + 136.256) / 3846.044
=0.19

Anhui Xinke New Materials Co's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

Debt-to-Asset=Total Debt / Total Assets
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Assets
=(587.719 + 132.551) / 4035.198
=0.18

* 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.


Anhui Xinke New Materials Co  (SHSE:600255) 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.


Anhui Xinke New Materials Co Debt-to-Asset Related Terms

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Anhui Xinke New Materials Co Business Description

Traded in Other Exchanges
N/A
Address
No. 88, Yong'an Road, Jiujiang District, Anhui Province, Wuhu, CHN, 241006
Anhui Xinke New Materials Co Ltd focuses on the research and development, production, and sales of high-performance, high-precision copper alloy plate and strip products. The products include high-precision brass, high copper, bronze, and white copper bare strips as well as their reflow tinned and hot-dip tinned strips; the products are widely used in integrated circuits, consumer electronics, new energy vehicles, LED, photovoltaic power, New generation of information technology, 5G, smart terminals and other industry fields.
Executives
Song Zhi Gang Director
Wang Sheng Director
Hu Ji Rong Director
Xing Wei Song senior management
Yang Chun Tai Director
Zhang Xiao Ping Director
Zhang Long Director
Wang Xing Hai senior management
Fu Jian Gen Supervisors

Anhui Xinke New Materials Co Headlines

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