Hootech (SZSE:301026) Debt-to-Asset : 0.13 (As of Mar. 2024)

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What is Hootech Debt-to-Asset?

Hootech's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥246 Mil. Hootech's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥0 Mil. Hootech's Long-Term Debt & Capital Lease ObligationTotal Assets for the quarter that ended in Mar. 2024 was ¥1,910 Mil. Hootech's debt to asset for the quarter that ended in Mar. 2024 was 0.13.

Hootech Debt-to-Asset Historical Data

The historical data trend for Hootech'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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Hootech Debt-to-Asset Chart

Hootech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Asset

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0.17

0.15

0.03

0.05

0.13

Hootech 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															0.16	0.20	0.11	0.13	0.13

Competitive Comparison of Hootech's Debt-to-Asset

For the Other Industrial Metals & Mining subindustry, Hootech'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.

Hootech's Debt-to-Asset Distribution in the Metals & Mining Industry

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

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

Hootech Debt-to-Asset Calculation

Debt to Asset measures the financial leverage a company has.

Hootech'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
	=	(252.543	+	0)	/	1893.765
	=	0.13

Hootech'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
	=	(245.88	+	0)	/	1910.428
	=	0.13

Hootech (SZSE:301026) 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.

Hootech Debt-to-Asset Related Terms

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Hootech (SZSE:301026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Hootech Inc (SZSE:301026) » Definitions » Debt-to-Asset

Traded in Other Exchanges

N/A

Address

No. 1, Liujing Road, Economic and Technological Development Zone, Jiangsu Province, Xuzhou City, CHN, 221004

Website

http://www.hootech.com.cn

Hootech Inc is engaged in research and development, production, sales and service of precious metal recycling and related products. The company's business segments are precious metal recycling, precious metal-based new materials, and trading.

Executives

Lin De Jian	Director
Yu Zhi Hao	Supervisors
Zhu Jin	Supervisors
Zhu Feng	Executives

Hootech (SZSE:301026) Headlines

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