Angang Steel Co (SZSE:000898) Debt-to-Asset : 0.10 (As of Sep. 2024)

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What is Angang Steel Co Debt-to-Asset?

Angang Steel Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥1,588 Mil. Angang Steel Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2024 was ¥7,994 Mil. Angang Steel Co's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Sep. 2024 was ¥98,898 Mil. Angang Steel Co's debt to asset for the quarter that ended in Sep. 2024 was 0.10.

Angang Steel Co Debt-to-Asset Historical Data

The historical data trend for Angang Steel 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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Angang Steel Co Debt-to-Asset Chart

Angang Steel Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.21

0.17

0.07

Angang Steel 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															0.06	0.07	0.07	0.08	0.10

Competitive Comparison of Angang Steel Co's Debt-to-Asset

For the Steel subindustry, Angang Steel 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.

Angang Steel Co's Debt-to-Asset Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Angang Steel Co's Debt-to-Asset distribution charts can be found below:

* The bar in red indicates where Angang Steel Co's Debt-to-Asset falls into.

Angang Steel Co Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Angang Steel 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
	=	(1330	+	5500)	/	97014
	=	0.07

Angang Steel 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
	=	(1588	+	7994)	/	98898
	=	0.10

Angang Steel Co (SZSE:000898) 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.

Angang Steel Co Debt-to-Asset Related Terms

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Angang Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Angang Steel Co Ltd (SZSE:000898) » Definitions » Debt-to-Asset

Traded in Other Exchanges

ANGGF:USA 00347:Hong Kong GNV:Germany

Address

Production Area of Angang Steel, Tie Xi District, Liaoning Province, Anshan, CHN, 114021

Website

http://www.ansteel.com.cn

Angang Steel Co Ltd is engaged in the steel rolling and processing industry. The Company is classified into an operating segment based on the type of business: production and sale of steel products. The Company's products have diversified structures and include hot rolled sheets, medium and thick plates, cold rolled sheets, color coating plates, heavy rails, seamless steel pipes and wire rods, and other products. These products are widely used in industries such as machinery, metallurgy, petroleum, chemical industry, coal, electric power, railway, shipbuilding, automobile, construction, home electrical appliances, and aviation. Geographically, the group derives a majority of its revenue from the China region.

Executives

Tian Yong	Executives, directors
Zhang Hong Jun	Executives, directors
Meng Jin Song	Executives
Wang Bao Jun	Executives, directors, directors
Wang Yi Dong	Directors, executives
Zhang Xiao Gang	Director
Liu Jie	Executives
Zhang Li Fen	Executives
Su Wen Sheng	Supervisors
Ren Zi Ping	Executives
Chen Ming	Directors, executives
Yang Hua	Director
Ma Lian Yong	Executives
Dan Ming Yi	Supervisors
Liu Bao Shan	Executives

Angang Steel Co Headlines

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