Zhejiang Xinao Textiles (SHSE:603889) Debt-to-Asset : 0.25 (As of Sep. 2024)

Zhejiang Xinao Textiles Debt-to-Asset Chart

Zhejiang Xinao Textiles Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Debt-to-Asset		Get a 7-Day Free Trial					0.09	0.08	0.14	0.17	0.21

Zhejiang Xinao Textiles 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															0.25	0.21	0.25	0.27	0.25

Competitive Comparison of Zhejiang Xinao Textiles's Debt-to-Asset

For the Textile Manufacturing subindustry, Zhejiang Xinao Textiles'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.

Zhejiang Xinao Textiles's Debt-to-Asset Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Zhejiang Xinao Textiles's Debt-to-Asset falls into.

Zhejiang Xinao Textiles Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Zhejiang Xinao Textiles's Debt-to-Asset for the fiscal year that ended in Dec. 2023 is calculated as

Zhejiang Xinao Textiles's Debt-to-Asset for the quarter that ended in Sep. 2024 is calculated as

* 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.

Zhejiang Xinao Textiles  (SHSE:603889) 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.

Zhejiang Xinao Textiles Debt-to-Asset Related Terms

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Zhejiang Xinao Textiles Business Description