Jiangsu Azure (SZSE:002245) Debt-to-Asset : 0.15 (As of Mar. 2024)

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What is Jiangsu Azure Debt-to-Asset?

Jiangsu Azure's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1,260 Mil. Jiangsu Azure's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥319 Mil. Jiangsu Azure's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥10,560 Mil. Jiangsu Azure's debt to asset for the quarter that ended in Mar. 2024 was 0.15.

Jiangsu Azure Debt-to-Asset Historical Data

The historical data trend for Jiangsu Azure'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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Jiangsu Azure Debt-to-Asset Chart

Jiangsu Azure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.32

0.28

0.29

0.15

0.18

Jiangsu Azure 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															0.14	0.15	0.15	0.18	0.15

Competitive Comparison of Jiangsu Azure's Debt-to-Asset

For the Conglomerates subindustry, Jiangsu Azure'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.

Jiangsu Azure's Debt-to-Asset Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Jiangsu Azure's Debt-to-Asset distribution charts can be found below:

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

Jiangsu Azure Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Jiangsu Azure'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
	=	(1666.547	+	340.649)	/	11010.641
	=	0.18

Jiangsu Azure'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
	=	(1260.175	+	318.753)	/	10559.649
	=	0.15

Jiangsu Azure (SZSE:002245) 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.

Jiangsu Azure Debt-to-Asset Related Terms

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Jiangsu Azure (SZSE:002245) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Jiangsu Azure Corp (SZSE:002245) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 10, Xinjing Middle Road, Yangshe Town, Jiangsu Province, Jiangsu, Zhangjiagang, CHN, 215618

Website

http://www.aucksun.com

Jiangsu Azure Corp formerly Jiangsu Aucksun Co Ltd is a China-based company engaged in the areas of metal logistics and distribution, LED chips and new energy lithium batteries. The company provides complete supply chain services for warehousing, sorting, arranging, packaging, distribution and processing of metal materials.

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