Tianyang New material (Shanghai) Technology Co (SHSE:603330) Debt-to-Asset : 0.26 (As of Mar. 2024)

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What is Tianyang New material (Shanghai) Technology Co Debt-to-Asset?

Tianyang New material (Shanghai) Technology Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥511 Mil. Tianyang New material (Shanghai) Technology Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥245 Mil. Tianyang New material (Shanghai) Technology Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥2,969 Mil. Tianyang New material (Shanghai) Technology Co's debt to asset for the quarter that ended in Mar. 2024 was 0.25.

Tianyang New material (Shanghai) Technology Co Debt-to-Asset Historical Data

The historical data trend for Tianyang New material (Shanghai) Technology 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.

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Tianyang New material (Shanghai) Technology Co Debt-to-Asset Chart

Tianyang New material (Shanghai) Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.23

0.33

0.24

0.38

0.25

Tianyang New material (Shanghai) Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Asset	Get a 7-Day Free Trial															0.23	0.22	0.21	0.25	0.26

Competitive Comparison of Tianyang New material (Shanghai) Technology Co's Debt-to-Asset

For the Specialty Chemicals subindustry, Tianyang New material (Shanghai) Technology 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.

Tianyang New material (Shanghai) Technology Co's Debt-to-Asset Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tianyang New material (Shanghai) Technology Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Tianyang New material (Shanghai) Technology Co's Debt-to-Asset falls into.

Tianyang New material (Shanghai) Technology Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Tianyang New material (Shanghai) Technology 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
	=	(485.135	+	245.419)	/	2880.494
	=	0.25

Tianyang New material (Shanghai) Technology Co's Debt-to-Asset for the quarter that ended in Mar. 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
	=	(511.141	+	245.419)	/	2968.846
	=	0.25

Tianyang New material (Shanghai) Technology Co (SHSE:603330) 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.

Tianyang New material (Shanghai) Technology Co Debt-to-Asset Related Terms

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Tianyang New material (Shanghai) Technology Co (SHSE:603330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tianyang New material (Shanghai) Technology Co Ltd (SHSE:603330) » Definitions » Debt-to-Asset

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 505, Huiping Road, Nanxiang Town, Jiading District, Shanghai, CHN, 201802

Website

http://www.hotmelt.com.cn

Tianyang New material (Shanghai) Technology Co Ltd formerly Shanghai Tianyang Hot Melt Adhesives Co Ltd is principally engaged in research and development, manufacture and sales of thermoplastic environmental protection adhesive materials. It offers copolyester and copolyamide powders; and web, film, and PUR adhesives; adhesive tapes and EVA solar films; and hot melt adhesive particles, powders, and films. Its products are mainly applied in the fields of shoes and clothes, automotive trims, solar cell packaging, household textiles, electronics, industrial filtration, hot melt adhesive products, printing and packaging, furnishings and coating, among others.

Executives

Ma Xi Mei	Director
Li Tie Shan	Director
Li Zhe Long	Director
Shang Xiao Lu	Director
Sun Gao Feng	Supervisors
Zhang Jian Hong	Supervisors
Ma Sheng Jia	Supervisors
Zhu Wan Yu	Director

Tianyang New material (Shanghai) Technology Co (SHSE:603330) Headlines

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